In addition to the new Virginia facility, Trex also recently improved production capabilities and capacity at its manufacturing site in Nevada, where new lines were installed and commenced production in June of last year. Given continued robust end market demand, increasing our capacity has been a key part of our near- and long-term growth strategy and I am pleased at how the Trex team has executed on this expansion program,” commented Mr. All of the lines in the new building are expected to be fully operational approximately 30 days ahead of our announced end of second quarter target. “Our success with the startup of lines in our new building is providing incremental capacity faster than planned, enabling us to make up the lost production. Additionally, the company’s capacity expansion continues to advance at its Virginia site where Trex recently opened a new state-of-the-art manufacturing facility dedicated to producing Trex decking. During this time, production will continue as normal at the company’s other manufacturing facilities in both Virginia and Nevada. Fairbanks.ĭamage to the building’s electrical systems is being addressed with repairs expected to run through the end of March. Based on the projected production loss, we expect our first quarter revenue will be on the lower end of the guidance provided in February at approximately $235 million, with production volume loss expected to be recovered during the second quarter,” stated Mr. “We anticipate minimal impact on our overall business as a result of this incident. We are grateful to everyone who contributed to quickly extinguishing the fire and ensuring safety,” said Bryan Fairbanks, President and CEO of Trex. “Thanks to extensive safety training and fast action by our employees and area firefighters, we are pleased to report that no one was injured in the electrical fire that occurred recently at one of the manufacturing buildings in our Winchester, Virginia complex. (NYSE:TREX), the world’s #1 brand of composite decking and railing and leader in high-performance, low-maintenance and eco-friendly outdoor living products and a leading national provider of custom-engineered commercial railing systems, reports on the impact of a recent fire and provides a first quarter production and capacity expansion update. WINCHESTER, Va.-( BUSINESS WIRE)-Trex Company, Inc.
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