Post by
Possibleidiot01 on Mar 01, 2023 7:01am
manufacturing investment
Correctme , if I am wrong , but are they not shrinking their capacity by removing the current 80 million ton capacity and replacing it with 30 million tons ?
"The Company's North American production is currently manufactured through a toll production partner located in Dyersburg, Tennessee. This production line is owned by EcoSynthetix and operated under the contract by the Company's toll production partner with a name-plate capacity of up to 80 million pounds and will be removed from the facility after production ceases, which is expected to occur by the end of 2023.
replacing with "EcoSynthetix will internalize its North American manufacturing capacity at its Centre of Innovation and corporate headquarters in Burlington, Ontario in 2023 and install its first, in-house manufacturing asset with an annualized name-plate capacity of up to 30 million pounds. This investment will improve the Company's ability to launch new products and reduce manufacturing costs.
Great ,they are becoming more responsive and lowering costs.