CALGARY, June 10 /CNW/ - Winalta Inc. announced today that it will
consolidate its North Battleford, Saskatchewan manufacturing facility to its
Acheson, Alberta facility, located near Edmonton. Winalta will continue to
produce its current industrial product line and expects increased efficiencies
and profitability with the use of a single manufacturing facility.
Production at the North Battleford plant, which constructs industrial
trailers, wellsite and camp units, will be totally integrated into the Acheson
facility by September 7th, 2008 and as such will cease operations at that
time. Sumex Investment Banking has been retained to assist in the divesture of
the North Battleford facility.
"The steps being taken today are a reflection of Winalta's continued
strategy to optimize production and maximize profitability. As demand for
narrower 16 ft. wide homes has been shifting to the larger 20 and 22 ft. wide
homes; utilization of the Acheson facility's 16 ft. wide line for industrial
units is now possible. We have focused a significant amount of our attention
to production efficiencies at Winalta and consolidation of the two facilities
will help optimize production and reduce costs," says Winalta Inc. President
and Chief Executive Officer Artie Kos.
The Saskatchewan government and United Food and Commercial Workers Union
have been served notice of the pending plant closure that affects less than
100 employees. "We have great employees at the North Battleford plant, and
this decision is not reflective of their skill, dedication and capabilities.
This move is a prudent business decision for Winalta and gives us the
opportunity to generate growth that allows our overall organization to
thrive," says Mr. Kos.
Winalta Inc. is a fully integrated company with two main divisions: Homes
and Industrial. The Homes Division manufactures CSA approved homes, develops
land and builds communities. The Industrial Division manufactures and leases
industrial accommodations, provides construction services that include
excavating, aggregate trucking and paving.
Winalta Inc. shares trade on the TSX Venture Exchange under the symbol
The TSX Venture Exchange has neither approved nor disapproved the
contents of this news release. The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release.
The words "believe", "expect", "intend", "anticipate", or any variation
of such words and similar expressions identify forward-looking statements, but
their absence does not mean that the statement is not forward-looking. These
statements are not guarantees of future performance and are subject to certain
risks, uncertainties and assumptions that are difficult to predict. Readers
are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date of this news release. Winalta undertakes no
obligation to publicly update or revise any forward-looking statements or
information, whether as a result of new information, future events or
otherwise, except as required by securities laws.
For further information:
For further information: Business Contact, Artie T. Kos, President &
CEO, Winalta Inc., firstname.lastname@example.org, Tel: (780) 960-6900, Fax: (780)
962-9523, www.winaltainc.com; Investor Relations, Austin Fraser, Director
Investor Relations and Communications, Tel: (403) 475-4698, Fax: (403)