HILLIARD, Ohio--(BUSINESS WIRE)--
Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the “Company”), a
leading global manufacturer of water management products and solutions
for commercial, residential, infrastructure and agricultural
applications, today announced that it is scheduled to build a new pipe
manufacturing plant in Harrisonville, MO, approximately 40 miles south
of Kansas City, MO, to better serve growing customer demand in the
region.
Joe Chlapaty, Chairman and CEO of ADS commented, "We are pleased to
announce our plans to expand our manufacturing footprint in
Harrisonville, MO. In addition to freeing up production capacity in the
Midwest for our pipe products, the new plant will allow us to meet the
growing demand for all of our products in the region while helping to
reduce the time and cost of delivery to our customers. This decision
demonstrates our commitment to providing the very best service to our
customers as we continue to grow."
The 65,000 square-foot plant is scheduled to open during the first half
of 2017 and will produce the company's single and dual wall,
high-density polyethylene (HDPE) and polypropylene pipe. The facility
will also operate its own fleet of dedicated delivery trucks and the
full portfolio of ADS products will be available at the site including
ADS N-12® HDPE pipe, HP Storm and SaniTite®
polypropylene pipe, StormTech Chambers, INSERTA TEE® and
other fittings, Nyloplast® Drain Structures plus geosynthetic
fabrics and grids.
About Advanced Drainage Systems, Inc.:
Advanced Drainage Systems (ADS) is the leading manufacturer of high
performance thermoplastic corrugated pipe, providing a comprehensive
suite of water management products and superior drainage solutions for
use in the construction and infrastructure marketplace. Its innovative
products are used across a broad range of end markets and applications,
including non-residential, residential, agriculture and infrastructure
applications. The Company has established a leading position in many of
these end markets by leveraging its national sales and distribution
platform, its overall product breadth and scale and its manufacturing
excellence. Founded in 1966, the Company operates a global network of 61
manufacturing plants and 31 distribution centers. To learn more about
the ADS, please visit the Company’s website at www.ads-pipe.com.
Forward Looking Statements:
Certain statements in this press release may be deemed to be
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. These statements are not historical
facts but rather are based on the Company’s current expectations,
estimates and projections regarding the Company’s business, operations
and other factors relating thereto. Words such as “may,” “will,”
“could,” “would,” “should,” “anticipate,” “predict,” “potential,”
“continue,” “expects,” “intends,” “plans,” “projects,” “believes,”
“estimates,” “confident” and similar expressions are used to identify
these forward-looking statements. These statements are only predictions
and as such are not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict. Actual
results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those described
from time to time in the Company’s filings with the Securities and
Exchange Commission.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160706006325/en/
Advanced Drainage Systems
Marketing
Tori Durliat
419-424-8275
tori.durliat@ads-pipe.com
or
Investor
Relations
Michael Higgins
614-658-0050
mike.higgins@ads-pipe.com
Source: Advanced Drainage Systems, Inc.