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Follow on Google News | NewAge(R) Industries Purchases Additional Facility to House Tubing Extruders & Mold PressesNewAge Industries recently closed a deal to buy two building units near its headquarters. Following renovations at the site, NewAge will install new equipment to extrude tubing and perform injection molding for its high purity products.
By: NewAge Industries Inc. The purpose of the new location is two-fold. One reason is that demand for the company's products is high, especially during this pandemic, and NewAge needs to ensure capacity to produce more inventory. The other reason is to maintain an additional manufacturing facility in case of any potential disruption at the main plant. "It's growth for the company and a fail-safe," said Ken Baker, NewAge Industries' CEO. "Some of our customers have expressed concern about security of supply. Being able to make our products at multiple locations not only lets us increase our output but helps ease those concerns." The two building units consist of 46,000 sq. ft. of manufacturing space with an additional 3,000 sq. ft. of offices. The manufacturing area will house tubing extrusion machinery, injection molding presses, clean rooms for high purity product manufacturing and packaging, and quality inspection areas. Quality department personnel and department supervisors will use the office space. Renovations at the new location will begin this summer with additional remodeling extending into next year. NewAge anticipates moving in, testing and validating its manufacturing equipment during 2021. The company expects to double manufacturing capacity for its AdvantaFlex( Learn more about NewAge Industries' products at http://www.newageindustries.com or AdvantaPure's products at http://www.advantapure.com/ About NewAge Industries In business since 1954, NewAge Industries manufactures plastic and rubber tubing in reinforced and unreinforced styles. The company maintains a large inventory of tubing and fittings for its core product lines, provides custom extrusion and fabrication capabilities, and services customers worldwide. NewAge is a solar powered, zero landfill organization committed to continually minimizing its environmental impact. # # # AdvantaFlex( End
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