Resin Systems' Production Increases on Schedule
Resin Systems Inc. ("RS") announced that the design and engineering has been completed on the second RStandard(TM) utility pole production cell at the Tilbury, ON manufacturing facility. Procurement is substantially complete and installation of the cell's superstructure has started. The training of new production staff has also begun using the first cell's facilities. The commissioning of the second cell is on schedule and manufacturing of utility poles on this cell is expected by the end of the second quarter 2008.
We anticipate that both cells one and two will be operating at optimum production rates by the end of the third quarter," said Paul Giannelia, president and chief executive officer of RS. "We are doubling our production to satisfy the growing demand of our distribution partner and global customers which combined will increase the market penetration of our RStandard utility poles."
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