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Trex Company Introduces Trex Trim(TM) Cellular PVC Trim
New Product Line Opens Promising New Market to Trex
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 26, 2007--Trex Company, Inc. (NYSE: TWP) is introducing Trex Trim(TM), the Company's latest innovation in low maintenance, wood replacement products designed for easy living. Developed with proprietary cellular PVC technology, Trex Trim provides builders, remodelers and homeowners a durable, easy-to-work-with, paintable, routable, bendable option for window/door surrounds, deck trim, soffitt, fascia and other trim applications traditionally fabricated from wood.
Chief Executive Officer Andrew U. Ferrari commented, "This expansion is a milestone for Trex. Not only does Trex Trim open a new $2-$3 billion market to the Company, it expands our technology base by adding another high-growth wood replacement material to our commercial portfolio. Our vision is to build the preeminent brand in innovative, easy-care building materials. Trex Trim is another step in that direction."
Trim maintenance is a significant cost of home ownership. A typical homeowner will spend thousands of dollars scraping, repairing, replacing and painting traditional wood trim every several years. Trex Trim eliminates the majority of that cost, providing a significant financial benefit to homeowners through a lower life cycle cost than wood. Additionally, Trex Trim does not require painting and is exceptionally uniform in color, density and dimensions. These attributes enhance a home's value and appearance through crisp lines, clean routed edges and low color fade over decades in use. As more consumers place a premium on their leisure time and are looking for options that require minimal maintenance while offering great looks, Trex Trim delivers on these needs.
Trex Trim is offered in traditional white. The product can be heat formed to create curved or radius trim requirements, and is available in smooth board, wood-grained board, cornerboard and sheet dimensions. Trex Trim is backed by Trex's 25-year limited warranty.
Trex Trim joins the Trex family of decking, railing and fencing products designed as best-in-class within their respective categories. Trex's current range of durable, high-aesthetic products include: Trex Brasilia(R), Trex Accents(R), Trex Contours(R) and Trex Escapes(TM) decking; Trex Traditional Series, Trex Designer Series (R) and Trex Artisan Series(R) railing; and Trex Seclusions(R) privacy fencing.
Trex Trim was developed in partnership with Palram Industries, one of the world leaders in cellular PVC formulation and extrusion technology with over 40 years of expertise and multiple operations around the world.
About Trex Company
Trex Company is the nation's largest manufacturer of composite decking, railing and fencing, with over 15 years of product experience. Products are marketed under the brand name Trex(R). Made from a unique formulation of reclaimed wood and plastic, combined through a proprietary process, Trex decking, railing and fencing offer significant design flexibility with fewer ongoing maintenance requirements than wood. For more information, visit the Company's website, www.trex.com. Trex(R), Trex Brasilia(R), Trex Accents(R), Trex Contours(R), Trex Escapes(TM), Trex Designer Series Railing(R), Trex Artisan Series Railing(R), Trex Seclusions(R) and Trex Trim(TM) are trademarks of Trex Company, Inc., Winchester, Va.
The statements in this press release regarding the Company's expected sales performance and operating results, its projections of net sales, net income, earnings per share and costs, its anticipated financial condition and its business strategy 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. These statements are subject to risks and uncertainties that could cause the Company's actual operating results to differ materially. Such risks and uncertainties include the extent of market acceptance of the Company's products; the sensitivity of the Company's business to general economic conditions; the Company's ability to obtain raw materials at acceptable prices; the Company's ability to increase production levels to meet increasing demand for its products; the Company's ability to maintain product quality and product performance at an acceptable cost; the level of expenses associated with product replacement and consumer relations expenses related to product quality; and the highly competitive markets in which the Company operates. The Company's report on Form 10-K filed with the Securities and Exchange Commission on April 2, 2007 and its subsequent filings on Form 10-Q and Form 8-K 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.
CONTACT: Trex Company, Inc.
Anthony J. Cavanna, 540-542-6300
Chairman and Chief Financial Officer
or
Lippert/Heilshorn & Associates
Harriet Fried, 212-838-3777
SOURCE: Trex Company, Inc.