FORT WORTH, Texas, June 30, 2015 /PRNewswire/ -- AZZ
incorporated (NYSE:AZZ), a global provider of galvanizing services,
welding solutions, specialty electrical equipment and highly
engineered services, today announced the construction of a new
hot-dip galvanizing plant near Reno, Nevada. The new 25 acre plant site
is located in the Tahoe-Reno Industrial Center east of Sparks, Nevada will be open for business by
January of 2016. Upon completion of the new Reno facility, AZZ Galvanizing Services will
operate a network of 43 hot-dip galvanizing plants in the United States and Canada.
The new Reno plant will be an
environmentally friendly, state of the art, 50,000-square foot
facility with a 30'-6"L x 7'-3"W x 10'D kettle. AZZ
Galvanizing – Reno, LLC will
employ 25 to 30 people, expanding as demand for high quality
hot-dip galvanizing services grows. Initial hires will include
production, maintenance and administrative personnel. Local
employment is anticipated to grow to 60 plus people over the course
of two to three years.
Tim Pendley, chief operating
officer of Galvanizing Services of AZZ incorporated, commented, "We
chose Reno because of all of the
positive economic development in the area. It provides the
opportunity to develop this new and untapped market. We've been
planning the expansion into the Reno area for several years, waiting for the
opportune time to invest in the future of this growing community.
Upon completion of the Reno
facility we will have 43 galvanizing facilities in our network
allowing us to provide superior customer service with customized
turnaround times that are unmatched in the industry. We are very
excited to be a part of Nevada's
future."
Tom Ferguson, president and chief
executive officer of AZZ incorporated, commented, "The addition of
Reno to our geographic coverage
map, positions us to effectively drive new corrosion protection
business in a very important region. This is an underserved market
that features manufacturing and agricultural customers that will
benefit from the broad portfolio of metal protection services that
AZZ provides. This is a great opportunity and we expect to develop
that opportunity to the maximum extent possible."
Hot dip galvanizing is the environmentally conscientious process
of protecting steel from decay by alloying zinc on the surface of
the steel resulting in a maintenance-free corrosion protection
system that lasts for generations. Galvanized steel is found
throughout all aspects of our lives including housing, schools,
bridges, guard rails, power transmission poles, highway signs,
light poles, stadiums and numerous other applications.
About AZZ incorporated
AZZ incorporated is a global provider of galvanizing services,
welding solutions, specialty electrical equipment and highly
engineered services to the markets of power generation,
transmission, distribution and industrial in protecting metal and
electrical systems used to build and enhance the world's
infrastructure. AZZ Galvanizing is a leading provider of metal
finishing solutions for corrosion protection, including hot dip
galvanizing to the North American steel fabrication industry. AZZ
Energy is dedicated to delivering safe and reliable transmission of
power from generation sources to end customers, and automated weld
overlay solutions for corrosion and erosion mitigation to critical
infrastructure in the energy markets worldwide.
Safe Harbor Statement
Certain statements herein about our expectations of
future events or results constitute forward-looking statements for
purposes of the safe harbor provisions of The Private Securities
Litigation Reform Act of 1995. You can identify forward-looking
statements by terminology such as, "may," "should," "expects,"
"plans," "anticipates," "believes," "estimates," "predicts,"
"potential," "continue," or the negative of these terms or other
comparable terminology. Such forward-looking statements are based
on currently available competitive, financial and economic data and
management's views and assumptions regarding future events. Such
forward-looking statements are inherently uncertain, and investors
must recognize that actual results may differ from those expressed
or implied in the forward-looking statements. This release may
contain forward-looking statements that involve risks and
uncertainties including, but not limited to, changes in customer
demand and response to products and services offered by AZZ,
including demand by the power generation markets, electrical
transmission and distribution markets, the industrial markets, and
the hot dip galvanizing markets; prices and raw material cost,
including zinc and natural gas which are used in the hot dip
galvanizing process; changes in the political stability and
economic conditions of the various markets that AZZ serves, foreign
and domestic, customer requested delays of shipments, acquisition
opportunities, currency exchange rates, adequacy of financing, and
availability of experienced management and employees to implement
AZZ's growth strategy. AZZ has provided additional information
regarding risks associated with the business in AZZ's Annual Report
on Form 10-K for the fiscal year ended February 28, 2015 and other filings with the SEC,
available for viewing on AZZ's website at www.azz.com and on the
SEC's website at www.sec.gov. You are urged to consider these
factors carefully in evaluating the forward-looking statements
herein and are cautioned not to place undue reliance on such
forward-looking statements, which are qualified in their entirety
by this cautionary statement. These statements are based on
information as of the date hereof and AZZ assumes no
obligation to update any forward-looking statements, whether as a
result of new information, future events, or otherwise.
Contact:
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Paul Fehlman, Senior
Vice President – Finance and CFO
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AZZ incorporated
817-810-0095
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Internet:
www.azz.com
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Lytham Partners
602-889-9700
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Joe Dorame or Robert
Blum
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Internet:
www.lythampartners.com
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SOURCE AZZ incorporated