Trex Company Announces Plans for Third U.S. Production Site
26 Outubro 2021 - 1:15PM
Business Wire
Composite Decking and Railing Leader Selects
Little Rock for Capacity Expansion
Trex Company [NYSE: TREX], the world’s #1 brand of
wood-alternative decking and high-performance, low-maintenance,
eco-friendly outdoor living products, and category leader for
innovation and sales, has announced plans to develop a new
multi-faceted production site in Little Rock, Ark. The company,
which continues to experience broad-based demand driven by
increasing consumer interest in outdoor living, believes that
building a third U.S.-based manufacturing facility should enable
the company to provide customers significantly better access to
Trex Residential products where and when they need them, and
position the company for future growth.
“This new site represents a strategic investment not only in our
company’s future but in the future success of our valued channel
partners,” said Trex Company President and CEO Bryan Fairbanks.
“With the outdoor living category continuing to show strong
momentum and our success to-date in converting share from the wood
decking market, the time is right to further expand our capacity so
that we can meet future customer demand efficiently and
effectively.”
Trex believes the new production complex, to be located within
the Port of Little Rock, should increase the company’s ability to
meet the anticipated strong demand for its industry-leading decking
and railing products. Based on the company’s search parameters,
Little Rock emerged as the best fit for Trex’s immediate and future
needs with a location closer to essential raw materials, a strong
pool of qualified and skilled labor, proximity to key growth
regions for wood conversion, and adjacency to major transportation
hubs that will offer optimized freight costs for customers in the
middle of the country who are presently served by existing
facilities in Virginia and Nevada. Adding capacity also positions
the company to better serve its distribution and retail partners
domestically and abroad.
Trex expects to invest an estimated $400 million over the next
five years in the development of the new Arkansas site, funded
primarily through ongoing cash generation. The Trex campus will sit
on nearly 300 acres of land and will eventually include buildings
dedicated to decking and railing production, plastic film recycling
and processing, reclaimed wood storage, warehousing and
administrative offices. Construction is slated to begin in early
2022. The development approach will be modular and calibrated to
demand trends with the first production output anticipated in 2024.
The campus will substantially expand output and will have the
potential to be the company’s largest manufacturing facility.
“This is an exciting day for the city of Little Rock and all of
Central Arkansas,” said Gov. Asa Hutchinson. “Trex is highly
regarded as the world’s premier composite decking company, and it
is with great pleasure that we welcome them to Arkansas. The
company was looking at several locations, but Arkansas stood out
thanks to its dedicated workforce, competitive business
environment, location and superb quality of life. The jobs created
by Trex will significantly enhance our economic climate, and I look
forward to watching Trex grow and succeed in the coming years.”
“I’m excited to welcome Trex, the world’s leading manufacturer
of composite decking and railing, to Little Rock,” said Mayor Frank
Scott Jr. “This regional manufacturing and distribution center will
benefit greatly from our amazing assets – those being river, road,
rail and air all intersecting in one place. And our residents will
benefit from the addition of hundreds of high-wage jobs added to
the economy.”
Over time, Trex will bring more than 500 new jobs to the Little
Rock area. The company will be interviewing candidates for key
positions starting this fall and will broaden its recruiting
efforts for both salaried and hourly positions in spring 2022.
Information about available positions will be posted online to the
Trex Careers page at https://careers.trex.com.
Named to Forbes’ 2021 List of America’s Best Mid-Size Companies
and one of the nation’s 100 Fastest-Growing Companies by Fortune
magazine, Trex opened its first production lines in Virginia in
1993 with 36 employees. The company now has more than 1,700
employees worldwide. With its industry-leading brand recognition,
dominant share of the composite decking market, and unsurpassed
channel placement in more than 6,700 retail outlets across 40+
countries, Trex leads the industry on a global scale.
“This expansion provides Trex with important competitive
advantages in today’s dynamic outdoor living market,” emphasized
Fairbanks. “It will afford us the ability to flex with demand by
adding capacity as needed. Having multiple manufacturing sites also
helps mitigate risk while providing bandwidth to pursue new
opportunities that will enable us to further leverage our
unsurpassed brand recognition and expand our presence both
domestically and internationally.”
For more information, visit www.Trex.com.
Forward-Looking Statements
The statements in this press release regarding the company’s
expected future performance and condition constitute
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Words such as “believe” and variations and
similar words and expressions are intended to identify such
forward-looking statements. Such forward-looking statements relate
to future events, but reflect management’s current beliefs, based
on information currently available. A number of factors could cause
actual events, performance or results to differ materially from the
events, performance and results discussed in the forward-looking
statements. Documents filed with the U.S. Securities and Exchange
Commission by the company, including in particular its latest
annual report on Form 10-K and quarterly reports on Form 10-Q,
discuss some of the important factors that could cause the
company’s actual results to differ materially from those expressed
or implied in these forward-looking statements. The company
expressly disclaims any obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
About Trex Company, Inc.
Trex Company, Inc. [NYSE: TREX] is the world’s largest manufacturer
of high performance wood-alternative decking and railing, with
nearly 30 years of product experience. The #1 brand in outdoor
living is proud to be named to Forbes’ 2021 List of America’s Best
Mid-Size Companies and to Fortune magazine’s 2020 list of the
world’s 100 Fastest-Growing Companies. Stocked in more than 6,700
retail locations worldwide, Trex outdoor living products offer a
wide range of style options with fewer ongoing maintenance
requirements than wood, as well as a truly environmentally
responsible choice. For more information, visit trex.com. You also
can follow Trex on LinkedIn
(https://www.linkedin.com/company/trex-company/), Twitter
(@Trex_Company), Instagram (@trexcompany), Pinterest (trexcompany)
or Houzz (trexcompany-inc), “like” Trex on Facebook (@TrexCompany)
or view product and demonstration videos on the brand’s YouTube
channel (TheTrexCo).
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version on businesswire.com: https://www.businesswire.com/news/home/20211026005009/en/
Allison Kurtz L.C. Williams & Associates 800/837-7123 or
312/565-3900 akurtz@lcwa.com
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