Industry News
Axion International Expanding Operation
6 years, 3 months ago Posted in: Industry News 3

Axion International Announces Expansion of its Manufacturing Capacity

Axion to Implement Various Expansion Initiatives, More than Doubling Capacity for Axon’s 100% Recycled Plastic Products

axion logoNEW PROVIDENCE, N.J.–(BUSINESS WIRE)–Axion International (OTCBB: AXIH), a leading producer of industrial building products and railroad ties made from 100% recycled plastic, announced that it will be implementing various expansion initiatives that will effectively double the capacity for Axion’s Recycled Structural Composites (RSC).

Due to the increasing number of contracts and market demand for its proprietary technology, Axion requested that the expansion at its manufacturing partner, Ultra-Poly Corporation, be implemented and it is expected to be completed by early May. As part of the expansion, the manufacturing facility will be implementing longer worker shifts, adding two additional molding machines, as well as dedicated bale-breakers and grinders to process the incoming bundles of raw recycled plastic material more efficiently for Axion.

“Expanding our manufacturing capabilities has been a major focus for Axion over the past several months,” said Steve Silverman, Axion’s President and Chief Executive Officer. “With our sizable recent influx of new domestic and international orders from countries such as Canada, Morocco and Australia, we are quickly adapting to our current sales orders and expect to be increasing our production requirements even further to meet the growing demand for our environmentally friendly alternative to traditional building materials such as wood and concrete.”

Marc Solda, Axion’s Executive Vice President in charge of operations, commented, “What this expansion also represents is a concerted effort on behalf of Axion’s management to broaden our network for sourcing high-quality plastic material from re-processors and recyclers. By adding dedicated bale breaking and grinding machines, Axion can now accept post-industrial and post-consumer plastics in larger quantity bales straight from municipalities and waste treatment centers, providing for a more diverse and streamlined supply chain along with greater cost efficiencies.”

Ultra-Poly is the largest re-processor of post industrial polypropylene and polyethylene plastics on the East Coast. With over 30 years’ experience, Ultra-Poly provides a cost-effective waste feed stream solution for its commercial customers, including Axion International.

“We are pleased to work with Axion as we implement various capacity enhancements for their manufacturing process at our facility,” said Alan LaFiura, co-owner of Ultra-Poly Corporation. “We pride ourselves on being a ‘one stop’ source for virtually all of our clients’ plastics needs, and look forward to working more with Axion as their technology grows in popularity in the United States and countries around the world.”

Axion’s RSC, developed in conjunction with Rutgers University’s Materials Sciences and Engineering Department, is inert and contains no toxic materials. It is impervious to insect infestation, will not leach toxic chemicals nor warp. Because it is lighter than traditional materials, transporting RSC is less expensive and reduces energy costs. In addition, RSC is completely recyclable at the end of its functional life.

About Ultra-Poly Corporation

Ultra-Poly Corporation was founded in 1973 in Newark, New Jersey, and is presently headquartered in the Portland Industrial Park in Portland, PA. Over the course of its 30-year history, Ultra-Poly has developed an industry-leading expertise in reprocessing post-industrial plastic scrap. At the same time, Ultra-Poly has added the capability to compound, blend, and package a wide variety of materials at its state-of-the-art Portland Facility. Today, its customers include most of the major plastics manufacturing and processing companies in the United States and the company offers a broad range of products and services to meet their needs. For more information, please visit: www.ultra-poly.com

About Axion International

Axion International is a leading structural solution provider of cost-effective alternative infrastructure and building products. The Company’s “green” proprietary technologies allow for the development and manufacture of innovative structural products made from 100% recycled consumer and industrial plastics. Axion’s up-cycled products are an economic and sustainable alternative to traditional building materials such as wood, steel or concrete. Developed in collaboration with scientists at Rutgers University, Axion’s patented technologies allow for products that are extremely strong, durable, flexible in design, and low maintenance.

For additional information, please visit Axion’s corporate website: www.axionintl.com

Forward-Looking Statements

This release contains “forward-looking statements” for purposes of the Securities and Exchange Commission’s “safe harbor” provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Axion’s actual results to differ materially from those currently anticipated, including the risk factors identified in Axion’s filings with the Securities and Exchange Commission.

Contacts

Financial Communications Contacts:
Trilogy Capital Partners
Darren Minton, President
Toll-free: 800-592-6067
info@trilogy-capital.com
or
PR Financial Marketing LLC
Jim Blackman
713-256-0369
jim@prfmonline.com
or
Media Relations Contact:
Sean Mahoney
310-867-0670
seamah@gmail.com

 

Enhanced by Zemanta

Add to FacebookAdd to DiggAdd to Del.icio.usAdd to StumbleuponAdd to RedditAdd to BlinklistAdd to TwitterAdd to TechnoratiAdd to Yahoo BuzzAdd to Newsvine

3 Responses

  1. […] Axion International Expanding Operation (compositology.com) 04/14/2011 […]

  2. […] Axion International Expanding Operation (compositology.com) 04/14/2011 […]

Leave a Reply





*

Copyright Info facebook twitter linkedin youtube flickr picasa google rss