Bonnell Aluminum, a subsidiary of Tredegar Corporation (NYSE:TG), today
announced its plans to expand and upgrade its anodizing capacity to
serve the commercial-architectural construction market. In response to
increased demand for anodizing products, the Company expects to invest
approximately $5 million to expand and modernize the anodizing line at
its Carthage, Tennessee facility. The Company anticipates that the
upgraded line, which is planned to be fully operational in the second
quarter of 2015, will increase the plant’s anodizing capacity by an
additional thirty-five percent.
“Not only will we increase capacity to better service our customers’
anodizing requirements, but the upgrade in equipment will further
enhance our quality and consistency,” commented Ira Endres, Vice
President Sales and Marketing.
“Our 2012 acquisition of AACOA increased our expertise in the field of
anodizing, particularly in terms of processes and technology,” added
Brook Hamilton, President of Bonnell Aluminum. “This project will
benefit from our added knowledge and will raise the bar for anodizing
quality and consistency in the commercial-architectural construction
market.”
About Bonnell Aluminum
Bonnell Aluminum is a subsidiary of Richmond, VA, based Tredegar
Corporation. The company produces soft and medium-strength alloy
aluminum extrusions for nonresidential building and construction,
automotive and specialty markets.
FORWARD-LOOKING AND CAUTIONARY STATEMENTS
“Safe Harbor” Statement under the Private Securities Litigation Reform
Act of 1995: This news release contains forward-looking statements
regarding Tredegar Corporation’s business. These forward-looking
statements are not historical facts, but statements that involve risks
and uncertainties. Actual results could differ materially from those
included in or implied by these forward-looking statements. Accordingly,
you should not place undue reliance on these forward-looking statements.
Factors that may cause actual results to differ materially from those
contemplated by these forward-looking statements include the factors
discussed in the reports Tredegar files with or furnishes to the
Securities and Exchange Commission (the “SEC”) from time-to-time,
including the risks and important factors set forth in additional detail
in “Risk Factors” in Part I, Item 1A of Tredegar’s 2013 Annual Report on
Form 10-K filed with the SEC. Readers are urged to review and consider
carefully the disclosures Tredegar makes in its filings with the SEC.
Except as required by applicable law or regulations, Tredegar does not
undertake, and specifically disclaims any obligation, to update or
revise any forward-looking statement.
For additional information please visit www.bonlalum.com.
Copyright Business Wire 2014