NEWNAN, Ga.--(BUSINESS WIRE)--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.