Nordex Explosives Western Canada Expansion Update and Marketing Initiatives
2014年5月29日 - 9:00PM
Marketwired
Nordex Explosives Western Canada Expansion Update and Marketing
Initiatives
KIRKLAND LAKE, ONTARIO--(Marketwired - May 29, 2014) - NORDEX
EXPLOSIVES LTD. ("Nordex" or the "Corporation") (TSX-VENTURE:NXX)
is pleased to announce the following updates on current business
activities including the proposed expansion into western Canada as
previously announced on March 11, 2014. This expansion will further
the potential for Nordex products including the exclusive
Buttbuster line of perimeter control products which are only
available in North America through Nordex.
Western Canada
Expansion
Nordex recently met with its proposed joint venture partners
during a recent trip to the Vancouver CIM conference held from May
11-14, 2014. During these meetings, members from both parties
determined a key location for an initial distribution site and
identified potential locations for a manufacturing site. The
distribution site location has been agreed upon and Management has
initiated the approval process required to begin operations.
Initially the site will provide storage facilities, sales/technical
support and distribution services for products manufactured by
Nordex at its Kirkland Lake facility. The Corporation has completed
a logistics analysis required for the transportation of product
into western Canada. The Corporation will continue its due
diligence process for the acquisition of a suitable property and
the development of a manufacturing facility to compliment initial
distribution plans.
It is anticipated that operations will commence in the 3rd
quarter 2014. Initial staff positions have been identified and
qualified personnel have been retained for the launch of operations
during this period.
Marketing Initiative
for Nordex Products
With the attendance to the CIM conference in Vancouver,
management had the opportunity to present new and existing clients
with revised marketing material for all products and services. This
marketing material focuses on the benefits of using Nordex products
which includes increased safety, higher explosive velocity,
increased efficiency of Buttbuster products, and ease of use. In
addition, management has continued to introduce the proprietary
Scorpion Underground Loading system, which further enhances safety
for explosives customers.
This new marketing material was well received by several
potential clients which includes large multi-national groups, with
operations in both the mining and construction sectors.
President and CEO Jim Taylor states; "We are extremely pleased
with the positive response for our line of Buttbuster and unique
delivery systems allowing customers to operate in an efficient and
safe manner. With continued introductions to potential buyers in
Canada including new customers in western Canada, we are positioned
to realize benefits from our expansion strategy of 2013. Our
existing locations in eastern Canada allows for greater delivery to
mining and construction customers, and our western presence will
further our national leadership in the explosives industry."
About Nordex
Explosives
Nordex Explosives Ltd. is a Canadian based manufacturer and
distributor of explosives for the mining, quarry and construction
industries since 1970. Its manufacturing operations and
distribution centre is strategically located in one of the world's
largest mining regions near Kirkland Lake, Ontario. Nordex is the
exclusive supplier of the "Buttbuster" perimeter control explosive
products in Canada. Additional information can be found at
www.nordexexplosives.com
Neither the TSX Venture nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture)
accepts responsibility for the adequacy or accuracy of this
release.
Capital Ideas IRDean
Stuart403-517-2270dean@boardmarker.netNordex Explosives Ltd.Jim
TaylorPresident and CEO705-642-3265 extension
203jtaylor@nordexexplosives.comwww.nordexexplosives.com
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