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Trex Company Receives Grant to Extend Rail Line to Winchester, Va. Manufacturing Plant
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 9, 2003--Trex Company, Inc. (NYSE: TWP), manufacturer of Trex(R) decking and railing, today announced the company received approval for a $300,000 grant from the Commonwealth of Virginia to bring more than 2,000 feet of rail track to its Winchester, Va. manufacturing plant. The rail extension will support the plastics recycling production line Trex initiated in December 2002, improving both the plant's efficiency and Trex's customer service.
"Our plastic recycling facilities in Winchester, Virginia and El Ejido, Spain are key elements of our comprehensive sourcing strategy to ensure that we have the raw materials we need to satisfy our long-term growth plans," said Trex Company President Robert Matheny. "This rail extension will help us maximize the use of our Virginia plant expansion for both incoming and outgoing shipments. It will enable us to get product to our distributors more directly and, in many cases, decrease shipping costs. The rail extension will also facilitate our receipt of shipments of plastic and wood scrap from raw materials vendors."
Trex's recycling facilities are designed to recycle waste polyethylene. The advanced cleaning system employed in its facilities produces polyethylene suitable for use in Trex Company's Wood-Polymer(R) lumber manufacturing process. When fully operational, the Virginia facility will generate more than 50 million pounds of recycled plastic annually.
About Trex Company
Trex Company is the nation's largest manufacturer of non-wood decking, which is marketed under the brand name Trex(R). Trex Wood-Polymer(R) lumber offers an attractive appearance and the workability of wood without the ongoing need for protective sealants or repairs. Trex decking and railing is manufactured in a proprietary process that combines waste wood fibers and reclaimed polyethylene and is used primarily for residential and commercial decking. The Company sells its products through approximately 90 wholesale distribution locations, which in turn sell Trex decking to approximately 3,300 independent contractor-oriented retail lumberyards across the United States.
For a Trex decking and railing dealer near you, call 1-800-BUY-TREX (289-8739) or for dealers and product details, visit www.trex.com.
Trex(R) and Trex Wood-Polymer(R) are trademarks of Trex Company, Inc., Winchester, Va.
CONTACT: Trex Company, Inc. Anthony Cavanna 540-542-6300 or Lippert/Heilshorn & Associates Harriet Fried John Heilshorn 212-838-3777 SOURCE: Trex Company, Inc.