YOUNGSVILLE, N.C.--(BUSINESS WIRE)--Xerium Technologies, Inc. (NYSE:XRM), a leading global provider of industrial consumable products and services, was the Northwest Louisiana recipient of the 2015 Lantern Award. The ceremony took place on Tuesday, June 16, 2015 at the Governors’ Mansion in Baton Rouge, LA.
Louisiana Economic Development selected Xerium’s Stowe Woodward division in Ruston as their choice amongst a field of outstanding nominations, recognizing Xerium for excellence in manufacturing and outstanding service to the Ruston community.
“Xerium is committed to operational excellence in all of its facilities – fair prices, great cost structures, outstanding quality, and on-time delivery. We made a big decision two years ago to make a large investment in the Ruston plant in order to further its performance against these goals. The Ruston plant and team are ideally located in the heart of one of the company’s most important regional locations. We are extremely proud of our team in Ruston, LA. We are thankful to be recognized as a top manufacturer in the region. This is a well-deserved award for the Ruston team,” said Mr. Harold Bevis, President and CEO of Xerium.
“Xerium is committed to aligning its operational footprint and capabilities to win in the global markets. Achieving this goal requires both investment in certain plants and, at the same time, permanent closure of high-cost, suboptimal plants. Ruston is a strategic plant for Xerium. We are committed to continuous innovation in its manufacturing processes and delivering ever-higher quality to its customers. There is a lot yet to accomplish in Ruston to achieve our internal goals. But it is special to pause and reflect how far we have come already, and accept this award as a hard-earned recognition. Thank you to all involved with selecting Xerium’s Ruston, Louisiana plant as an outstanding manufacturing operation.”
More details about the award are available at http://www.opportunitylouisiana.com/index.cfm/newsroom/detail/1081.
Xerium Technologies, Inc. (NYSE:XRM) is a leading global provider of industrial consumable products and services. Xerium utilizes a broad portfolio of patented and proprietary technologies to provide customers with tailored solutions and products integral to production, all designed to optimize performance and reduce operational costs. Xerium has 26 manufacturing facilities in 12 countries, two new plants under construction in 2 countries and employs approximately 3,100 employees.
This press release contains forward-looking statements. The words “believe,” “estimate,” “expect,” “intend,” “anticipate,” “goals,” variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. Actual results may differ materially from these forward-looking statements and estimates as a result of various important factors, including, without limitation, the factors discussed in our annual report on Form 10-K for the fiscal year ended December 31, 2014, which is on file with the SEC and is available in the investor relations section of our website at www.xerium.com. Any forward-looking statements are as of the date hereof, and we assume no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise, except as may be required by law.