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Kickstart: Another staycation summer means another boom year for composite decks It looks like the staycation economy is continuing for a second summer of the pandemic. That s good news for companies making items for home improvement projects such as Trex Co. Inc., the maker of composite decking from recycled plastic and wood fiber. The Virginia-based company is bringing an expansion into operation 30 days ahead of schedule as it works to meet rising demand. We are running all of the assets we have and getting every single linear foot of decking and railing out to the marketplace, CEO Bryan Fairbanks said during a quarterly sales call with analysts. ....
Trex adding capacity a month ahead of schedule Print 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. ....
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52-week low: $63.32 Company Description Trex Co Inc is a manufacturer of wooden alternative-decking products. The company offers outdoor products in the decking, railing, porch, fencing, trim, steel deck framing, and outdoor lighting categories. Its products are sold under the Trex brand and manufactured in the United States. Further, the company licenses its Trex brand to third parties to manufacture and sell products under the Trex trademark. The distribution is focused on wholesale distributors and retail lumber dealers, which in turn sell Trex products to homeowners and contractors, with an emphasis on professional contractors, remodelers, and homebuilders. ....