Newmarket, ON – AirBoss of America Corp. (TSX: BOS) announced today that its Rubber Solutions segment is expanding its mixing capabilities at its plants in Scotland Neck, North Carolina and Kitchener, Ontario.
AirBoss has operated a 150,000 square-foot rubber compounding facility in Scotland Neck, North Carolina since 2004. As announced by the North Carolina government earlier today, AirBoss will be the recipient of a performance-based grant from the One North Carolina Fund to help facilitate the expansion of this facility. The expansion will consist of the addition of a new rubber compounding line which is expected to double this facility’s rubber mixing capacity and should be fully operational by July of 2019.
In addition to the Scotland Neck, North Carolina expansion, an additional expansion is planned at AirBoss’ one-million-square-foot plant in Kitchener, Ontario. AirBoss’ Kitchener facility is already one of the largest custom rubber compounding facilities in North America and will soon be poised to better serve the specialty compound market. The expansion at this plant will consist of the addition of a new dedicated white and colour mixing line. This state of the art mixing line is expected to increase AirBoss’ market penetration in the areas of white and coloured specialty rubber compounds driven by improved quality and decreased production costs for these types of products. This new mixing line is expected to be fully operational by March of 2019.
The aforementioned expansions are part of the overall strategy for AirBoss Rubber Solutions that has driven the need to build greater regional capacity in the United States, while also installing unique assets that will allow for enhanced penetration in the higher-end colour and specialty product market.
AirBoss of America Corp.
AirBoss of America Corp. is a group of complementary businesses using compounding technology and engineering expertise to create value for its customers. With a capacity to process approximately 400 million turn pounds of rubber annually, AirBoss Rubber Solutions is one of North America’s largest custom rubber compounding companies and a leading supplier of essential calendered and extruded products for a broad range of applications. AirBoss Engineered Products is a world leader in the supply of life-saving products for the military and a leading supplier of innovative anti-vibration solutions to the North American automotive market. The Company’s shares trade on the TSX under the symbol BOS. Visit www.airbossofamerica.com.
Contact: Lisa Swartzman, President or Gren Schoch, Chairman and CEO at 905-751-1188.
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