Trex adding capacity a month ahead of schedule
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Extra capacity is coming online faster than initially projected for Trex Co. Inc.'s new manufacturing facility at its headquarters site in Winchester, Va.
"We now expect all lines in our new plant to be fully operational by the end of May -- 30 days ahead of schedule," President and CEO Bryan Fairbanks said during a May 10 first quarter conference call with investment bankers.
The expansion will provide about 70 percent more capacity compared to 2019 volume levels and give Trex an important competitive advantage in the dynamic composite decking marketplace, Fairbanks added.
Currently, the utilization rate is 100 percent.