- All plants are currently fully operational and running at
normal business levels
- Imaflex considered an essential vendor in both Canada and the
United States
MONTREAL, March 25, 2020 /CNW Telbec/ - Imaflex Inc.
("Imaflex" or the "Corporation") (TSXV: IFX), provides an update on
the impact of the coronavirus (COVID-19) on its operations.
The Corporation has manufacturing operations in both
Canada and the United States, including two plants in
Quebec and one in North Carolina. At this time, all plants are
fully operational and running at normal business levels. Presently,
each of the Corporation's manufacturing facilities have the ability
to take on more volume should it be required due to business
interruption at another plant or heightened order flow.
Furthermore, Imaflex has experienced no delays with its suppliers
to date. This said, the Corporation is monitoring developments
closely and will provide further updates should the impact on its
operations change materially.
"Imaflex is a major supplier of packaging material to protect
and preserve food and consumer products, such as sanitizing wipes,
and our customers depend on us to maintain their supply chain,"
highlighted Mr. Joe Abbandonato,
President and Chief Executive Officer of Imaflex. "The essential
role packaging plays in protecting contents from microbiological
contamination couldn't be greater in today's environment. Due to
this, Imaflex is considered an essential vendor in both
Canada and the United States."
"The health and safety of our employees and customers is of
utmost importance and we have implemented prevention procedures
throughout our business," continued Mr. Abbandonato. This includes,
heightened cleaning and disinfecting of surfaces, limiting access
to Imaflex facilities, maintaining social distances, working
remotely or staggering work hours whenever possible, promoting
health and hygiene and following government health recommendations
and directives.
About Imaflex Inc.
Founded in 1994, Imaflex is
focused on the development and manufacturing of innovative
solutions for the flexible packaging space. Concurrently, the
Corporation develops and manufactures films for the agriculture
industry. The Corporation's products consist primarily of
polyethylene (plastic) film and bags, including metalized plastic
film, for the industrial, agricultural and consumer markets.
Headquartered in Montreal, Quebec,
Imaflex has manufacturing facilities in Canada and the
United States. The Corporation's common stock is listed on
the TSX Venture Exchange under the ticker symbol IFX. Additional
information is available at www.imaflex.com.
Cautionary Statement on Forward Looking
Information
Certain information included in this press
release constitutes "forward-looking" statements within the meaning
of Canadian securities laws. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable by the management of the Corporation,
are inherently subject to significant business, economic and
competitive uncertainties, risks and contingencies. The Corporation
cautions the reader that such forward-looking statements involve
known and unknown risks, uncertainties and other factors that may
cause the actual financial results, performance or achievements of
Imaflex to be materially different from the Corporation's estimated
future results, performance or achievements expressed or implied by
those forward-looking statements and that the forward-looking
statements are not guarantees of future performance. These
statements are also based on certain factors and assumptions. For
more details on these estimates, risks, assumptions and factors,
see the Corporation's most recent Management Discussion and
Analysis filed on SEDAR at www.sedar.com and on the investor
section of the Corporation's website at www.imaflex.com. The
Corporation disclaims any obligation to update or revise any
forward-looking statements, whether as a result of new information,
events or otherwise, except as expressly required by law.
Readers are cautioned not to put undue reliance on these
forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Imaflex Inc.