Arkansas Economic Development Commission issued the following announcement on Oct. 26.
Trex Company [NYSE: TREX], the world’s #1 brand of wood-alternative decking and high-performance, low-maintenance, eco-friendly outdoor living products, and category leader for innovation and sales, has announced plans to develop a new multi-faceted production site in Little Rock, Ark. The company, which continues to experience broad-based demand driven by increasing consumer interest in outdoor living, believes that building a third U.S.-based manufacturing facility should enable the company to provide customers significantly better access to Trex Residential products where and when they need them, and position the company for future growth.
“This new site represents a strategic investment not only in our company’s future but in the future success of our valued channel partners,” said Trex Company President and CEO Bryan Fairbanks. “With the outdoor living category continuing to show strong momentum and our success to-date in converting share from the wood decking market, the time is right to further expand our capacity so that we can meet future customer demand efficiently and effectively.”
Trex believes the new production complex, to be located within the Port of Little Rock, should increase the company’s ability to meet the anticipated strong demand for its industry-leading decking and railing products. Based on the company’s search parameters, Little Rock emerged as the best fit for Trex’s immediate and future needs with a location closer to essential raw materials, a strong pool of qualified and skilled labor, proximity to key growth regions for wood conversion, and adjacency to major transportation hubs that will offer optimized freight costs for customers in the middle of the country who are presently served by existing facilities in Virginia and Nevada. Adding capacity also positions the company to better serve its distribution and retail partners domestically and abroad.
Original source can be found here.
Source: Arkansas Economic Development Commission
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