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Trex Company Holds Grand Opening of New Nevada Manufacturing Facility On October 28, 1999
WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 28, 1999--Trex Company, Inc. (NYSE:TWP), manufacturer of Trex(R) Easy Care Decking(R), will officially dedicate the company's new, state-of-the-art, 160,000 sq. ft. manufacturing facility in Fernley, Nevada, on October 28, 1999. Trex Company will hold a Grand Opening celebration from 11:00 a.m. -12:30 p.m. with remarks from Lorraine T. Hunt, Lt. Governor, State of Nevada, Joseph E. Dini, Jr., Speaker of the Nevada Assembly and Robert Matheny, President, Trex Company. In total, 27 local, county and state officials will attend. Along with keynote speakers, a video detailing the Company's business expansion and marketing plans will be shown during the program. A brief reception will be held immediately following the ceremony.
With the Fernley plant and existing Winchester facility, Trex Company can now provide unequalled customer service to anywhere in the contiguous U.S. The Nevada plant, located near Reno, is strategically positioned on Interstate 80 with access to railroad lines. The two initial production lines at Fernley were up and running in July, two months ahead of schedule. The plant is currently producing product for shipment to west coast distributors to meet the increasing demand for Trex decking. Two additional lines are scheduled to be operational by Spring 2000 with two more lines planned for Fall 2000. The new plant has about 70 employees to date and will begin hiring for the line expansions in November.
Robert Matheny, President of Trex Company, said, "We are very pleased that our facility is shipping product ahead of schedule and meeting demand, particularly in the western part of the country. It took a lot of hard work and dedication by our people out here and the support we've had from the State of Nevada and the Fernley community certainly added to the successful launch of this facility."
On October 20, 1999, Governor Kenny Guinn expressed his appreciation to Trex Company at the Governor's Industry Appreciation Luncheon, where David Jordan, Vice President of Manufacturing and Engineering, received an award plaque. The award honored Trex Co. for locating its facility in Nevada.
Trex Company is the nation's leading manufacturer of alternative decking products, which are marketed under the brand name Trex(R). Trex decking is splinter-free and offers long-lasting good looks without the need for protective stains or sealants. Trex decking will never rot, crack or split. It is manufactured in a proprietary process that combines reclaimed polyethylene with waste hardwoods and is used primarily for residential and commercial decking. Trex Company sells its products through 55 wholesale distribution locations, which in turn sell Trex decking to more than 2,000 contractor-oriented retail lumberyards across the United States and Canada. For more information about Trex Company and Trex(R) Easy Care Decking(R), call 1-800-BUY-TREX (289-8739) or visit website www.trex.com.
Trex, Trex stylized, Easy Care Decking are either federally registered trademarks or trade dress of Trex Company, Inc., Winchester, VA.
The statements in this press release regarding the Company's expected sales performance and operating results, 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 Company's ability to increase its manufacturing capacity, the sensitivity of the Company's business to general economic conditions and the highly competitive markets in which the Company operates. The Company's report on Form 8-K filed with the Securities and Exchange Commission on May 25, 1999 discusses some of the important factors that could cause the Company's actual results to differ materially from those in these forward looking statements.