Xerium Announces Two Plant Expansion Projects in Roll Cover and Mechanical Services Business
January 14 2015 - 4:01PM
Xerium Technologies, Inc. (NYSE:XRM), a leading global provider of
industrial consumable products and services, announced two plant
expansion projects to enhance its rolls products and mechanical
services capabilities for the North American market.
Xerium will expand and modernize its Griffin, Georgia plant. It
will broaden its mechanical service offering, expand its
capabilities for rubber roll recovering, and expand its
capabilities for industrial roll recovering. These new investments
will also lower lead times. This expansion is expected to generate
increased sales volumes in the region. Completion is scheduled for
Q4 2015.
Xerium will expand and modernize its Neenah, Wisconsin plant. It
will broaden its product offering by installing a state-of the-art
polyurethane roll cover production cell, and increase the size and
breadth of its mechanical services department in order to more
broadly serve customers in the region. These new investments will
also improve lead times. This expansion is expected to generate
increased sales volumes in the region. Completion is scheduled for
Q4 2015.
Both facilities manufacture and repair large rolls used in the
production of paper, containerboard, boxboard, tissue, pulp,
nonwoven fabrics, fiber cement siding, steel, film production, and
flexible packaging. Both facilities mechanically repair &
service large sections of production machines that require regular
and sophisticated maintenance.
"These expansions enhance Xerium's product and service offerings
to customers in these areas of the North American market," said Mr.
Harold Bevis, President and CEO of Xerium. "Both modernization
projects enable these two plants to supply all of Xerium's roll
product portfolio and mechanical service technologies to assist
large machine owners in these regions to achieve optimized machine
performance."
ABOUT XERIUM
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 27 manufacturing facilities in 12
countries, 2 new plants under construction in 2 countries and
employs approximately 3,200 employees.
FORWARD-LOOKING STATEMENTS
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, 2013, and subsequent filings, all of
which are on file with the SEC and are 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.
CONTACT: Xerium Technologies, Inc.
Cliff Pietrafitta
Chief Financial Officer
Cliff.Pietrafitta@Xerium.com
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