The AZEK® Company Announces the Official Opening of Its New $140m Manufacturing Facility in Boise, Idaho
12 Ottobre 2022 - 10:15PM
Business Wire
The facility expands manufacturing capabilities
and advances AZEK’s commitment to create a more sustainable
future
The AZEK Company Inc. (NYSE: AZEK) ("AZEK" or the “Company”),
the industry-leading manufacturer of beautiful, low-maintenance and
environmentally sustainable outdoor living products, including
TimberTech® decking, Versatex® and AZEK® Trim and StruXure™
pergolas, today unveiled its newest manufacturing facility in
Boise, Idaho - AZEK’s first in the Western part of the United
States. The 350,000 square foot state-of-the-art facility further
advances AZEK’s strategy to drive material conversion to its types
of sustainable, low-maintenance and environmentally sustainable
outdoor living products, providing capacity that will allow the
Company to scale to market demand for its products.
AZEK has committed approximately $140 million to design, build
and equip this facility with advanced technology and equipment.
Currently being utilized to manufacture the Company’s premium
composite decking, TimberTech®, the new facility has brought
approximately 70 jobs to the Treasure Valley community and expects
to support a total of about 150 jobs over the next two years.
“The opening of this facility is an exciting milestone for The
AZEK Company, enabling us to both support our customers and further
expand our market penetration in the region,” said Jesse Singh, CEO
of The AZEK Company. “We chose Boise for our newest facility
location because we share the same strong passion for
sustainability and commitment to placing that passion at the core
of everything we do. Our team has never been more committed to our
strategy, identifying the right communities that will help us
advance our sustainability goals, ensuring we bring more job
opportunities to people who share our beliefs, and meeting and
exceeding our customer expectations.”
The facility also features a dedicated 3,200 square foot
state-of-the-art training center, which will be used for AZEK
University product knowledge sessions and hands-on workshops —all
designed to help AZEK’s distributor, dealer, architect and
contractor partners build their businesses and educate their
customers on AZEK’s industry-leading product lines, including
TimberTech decking and railing, AZEK Exteriors products and
more.
"We are proud The AZEK Company chose Boise for their new Western
United States plant location," Idaho Governor Brad Little said.
"Idaho’s business friendly environment is a perfect match for the
company’s reputation as a leader in innovative and sustainable
products that limit waste and advance recycling capabilities.
Congratulations to The AZEK Company!”
AZEK has purposefully integrated sustainability into the design
and construction of this retrofitted facility, including
high-efficiency water and lighting systems, EV charging stations,
bicycle parking, rooftop rainwater harvesting stations that lessens
demand on local freshwater resources and reduces stormwater runoff,
closed-loop water systems that re-use up to 98% of the water used
annually, the incorporation of smart site management technologies,
and other environmentally responsible initiatives which are aligned
to the city's broader environmental goals. Additionally,
approximately 300,000 pounds of construction and demolition waste
were diverted from landfills during construction. LEED green
building certification for this site is expected in the upcoming
months.
For more information on The AZEK Company and its full line of
products, visit azekco.com. For more information about TimberTech®,
visit TimberTech.com.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This release contains or refers to certain forward-looking
statements within the meaning of the federal securities laws and
subject to the "safe harbor" protections thereunder.
Forward-looking statements are statements about future events and
are based on our current expectations. These forward-looking
statements may be identified by the words “believe,” “hope,”
"expect," "intend," "will," "target," “anticipate,” "goal" and
similar expressions. Our forward-looking statements include,
without limitation, statements about our manufacturing operations,
expansion plans and capacity targets and with respect to our
ability to meet the future targets and goals we establish,
including our environmental, social and governance goals, and the
ultimate impact of our actions on our business as well as the
expected benefits to the environment, our employees, the
communities in which we do business or otherwise. We base our
forward-looking statements on information available to us on the
date of this release, and undertake no obligation to publicly
update or revise any forward-looking statements, whether as a
result of changed circumstances, new information, future events or
otherwise, except as may otherwise be required by law. Actual
future events could also differ materially due to numerous factors
that involve substantial known and unknown risks and uncertainties
including, among other things, the risks and uncertainties set
forth under "Risk Factors" and elsewhere in our reports on Form
10-K and Form 10-Q and the other risks and uncertainties discussed
in any subsequent reports that we file with the Securities and
Exchange Commission from time to time. Although we have attempted
to identify those material factors that could cause actual results
or events to differ from those described in such forward-looking
statements, there may be other factors that could cause actual
results or events to differ from those anticipated, estimated or
intended. Given these uncertainties, investors are cautioned not to
place undue reliance on our forward-looking statements.
The AZEK Company
The AZEK Company Inc. (NYSE: AZEK) is the industry-leading
designer and manufacturer of beautiful, low maintenance and
environmentally sustainable outdoor living products, including
TimberTech® decking, Versatex® and AZEK® Trim, and StruXure™
pergolas. Consistently recognized as the market leader in
innovation, quality and aesthetics, products across AZEK’s
portfolio are made from up to approximately 90% recycled material
and primarily replace wood on the outside of homes, providing a
long-lasting, eco-friendly, and stylish solution to consumers.
Leveraging the talents of its approximately 2,000 employees and the
strength of relationships across its value chain, The AZEK Company
is committed to accelerating the use of recycled material in the
manufacturing of its innovative products, keeping millions of
pounds of waste out of landfills each year, and revolutionizing the
industry to create a more sustainable future. Headquartered in
Chicago, Illinois, the company operates manufacturing facilities in
Ohio, Pennsylvania, Idaho, Georgia, Nevada, New Jersey and
Minnesota. For additional information, please visit azekco.com.
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Rachel Mihulka 1-402-980-9603 AZEKquestions@zenogroup.com
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