Luxor Production Increases as Sales Continue to Grow for Wood Products Used in Exploration by Oil and Gas Companies
2012年5月31日 - 9:00PM
Luxor Industrial Corporation (Pink Sheets:LXRRF) (TSX-V:LRL) is
pleased to announce its manufacturing plant is now operating 24
hours per day, 5 days a week. All 3 production lines manufacturing
wood products for use in the oil and gas industry are operating
during the day, afternoon and graveyard shifts. Previously, 3
production lines were operating during the day shift with 1 line
operating during the afternoon shift. Since the beginning of 2011,
the number of employees has increased 10 fold to more than 120.
Luxor continues to receive increased orders from customers for
specialty wood products used in exploration by oil and gas
companies. Soaring oil prices and a perpetually increasing global
demand for energy have created an environment for the oil & gas
exploration & production (E&P) industry to increase its
spending. Growing global energy demand is putting pressure on
supply capacity and capital is being expended to find more oil
& gas and to boost production. The economical production of
natural gas from shale rock has opened up huge additional areas for
exploration.
Luxor's customers are pleased with the Company's service,
quality and innovation. Luxor continues to anticipate significant
sales growth based on progress made with new and existing products
and will keep shareholders advised of further developments.
About Luxor Industrial Corporation
Luxor manufactures and markets its patented IBS 2000® and patent
pending IBS3000™ engineered bridging. Both enable a floor to act as
a system with unparalleled scale of gain in stiffness and rigidity.
Luxor has spent years analyzing wood-frame floor construction,
establishing itself as a leading authority in wood floor
performance engineering.
Luxor also manufactures other building components, architectural
and utility wood products including specialty products for the
natural resource sector. It distributes laminated beams and offers
various custom wood cutting services. Luxor offers coating
services, which protect wood against mold, decay, insects and
fire.
The TSX Venture Exchange has neither
approved nor disapproved this announcement
CONTACT: Luxor Industrial Corporation
Terry Lashman
(800) 665-2454
(604) 684-7929
John Taylor
(877) 496-4355
(604) 864-9601
www.luxorcorp.com
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