CONCORD, ON, Dec. 8, 2015 /CNW/ - Armtec LP announced today a commitment to invest $8 million in new high-density polyethylene ("HDPE") plastic pipe equipment in Ontario and Quebec. The investment will comprise three new production lines, ancillary equipment and installation, and will include the latest in manufacturing technology. The new equipment will provide greater production capabilities and deliver benefits, including improved product quality and raw material utilization. The capital project will commence immediately with a completion date planned for the spring of 2016.
"This investment will strengthen the product offering for our customers and place us in a stronger competitive position for the future," said Aaron Helsdon, Vice President of Sales for Armtec's Drainage Solutions Business Unit.
"We are committed to maintaining a leadership position in Canada's drainage solutions market," said Mark Anderson, President & CEO. "This investment is a solid step in the right direction and reflects the support of our new ownership, Brookfield Asset Management."
Armtec LP, an affiliate of Brookfield Asset Management, is a manufacturer and marketer of a comprehensive range of infrastructure products and engineered construction solutions for customers in a diverse cross-section of industries that are located in every region of Canada, as well as in selected markets globally. These markets include Canada's national and regional public infrastructure markets and private-sector markets in agricultural drainage, commercial building, residential construction and natural resources. Armtec operates through a network of offices and production facilities across the country. Armtec operates in two business units: Drainage Solutions manufactures and markets corrugated high-density polyethylene pipe, corrugated steel pipe and other drainage related products, including small bridge structures. Precast Concrete Solutions manufactures and markets highly engineered precast systems such as parking garages, bridges, sport venues and building envelopes as well as standard precast products such as steps, paving stones and utility vaults.
SOURCE Armtec LP
Image with caption: "Armtec (CNW Group/Armtec LP)". Image available at: http://photos.newswire.ca/images/download/20151208_C5588_PHOTO_EN_559868.jpg
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