YOUNGSVILLE, N.C., Jan. 14, 2015 (GLOBE NEWSWIRE) -- 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.
Xerium Technologies, Inc. Cliff Pietrafitta Chief Financial Officer
