Falken Industries Ltd Expands Production Capacity to Meet Substantial Increase in Demand
July 31 2011 - 4:00PM
Marketwired
Falken Industries Ltd (OTCBB: FLKI) buttressed by strong second
quarter sales and increasing demand for its product conceptions is
expanding its proprietary product research, development and
production capacity in Europe to provide a sustainable competitive
advantage for its growing customer base. This expansion is
generally in response to rapidly growing demand in the Europe and
in the BRIC with the notable presence of growing interest by
governments, military and transit authorities, the last of which
was the French RATP (French Subway systems).
Manuel Garcia, communications officer, said, "Our disinfectant,
cleansing, anti-graffiti and industrial wipe technologies provides
our customers, and notably the military, airlines and transit
operators with unique benefits to improve operational efficiency
and reduce costs. This investment virtually doubles our European
capacity for product research and development and for production.
Demand for our product conceptions has been increasing rapidly and
adding a production new line will position Falken to better serve
our growing global end-user or distribution customer base."
For manufacturers and conditioners, Falken's technology and
supply chain management lowers total logistic costs, improves
material handling, increases customers' run-times, generates higher
product value due to fewer material handling and low reject rates,
creates less dust and contaminate generation during the production
process and delivers products with high quality and consistent high
end ability.
Especially in today's challenging global economy, these are
critical performance features for manufacturers of end-use goods,
such as those used in disposable absorbent hygiene and personal
care, home care and food packaging products all of which are well
known Falken market components.
This investment will add more than 20 000 square feet and
significantly increase capacity in that facility. The project costs
are factored into the company's previously reported capital
guidance for 2011 and is being entirely financed internally without
debt or shareholder dilution.
About Falken Industries Ltd :
Falken Industries Ltd (OTCBB: FLKI) is a diversified industrial
conglomerate that operates in Chemicals, Wet Wipe and Biodegradable
Technology. Falken Industries Ltd is the concept behind more than
160 products distributed through a network of global platforms and
the recipient of trade awards for innovations, biodegradability and
environmental and health quality standards. See
www.falkenltd.com.
SAFE HARBOR STATEMENT: This news release contains
"forward-looking statements" made pursuant to the safe harbor
provisions of the 1995 Private Securities Litigation Reform Act.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"future," "plan" or "planned," "will" or "should," "expected,"
"anticipates," "draft," "eventually" or "projected." Such
statements are subject to risks and uncertainties that could cause
future circumstances, events, or results to differ materially from
those projected in the forward-looking statements, including the
risks that our products may not achieve customer acceptance or
perform as intended, that we may be unable to obtain necessary
financing to continue operations and development, and other risks.
You should consider these factors in evaluating the forward-looking
statements included herein, and not place undue reliance on such
statements.
Contacts: Falken Industries Ltd. Manuel Garcia Communications
Officer +1609 357 0316 mgarciafaure@falkenltd.com
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