Trex Company announced a new capital expenditure program to increase production capacity at its Winchester, VA, and Fernley, NV, facilities.
The Company’s new multi-year capital expenditure program is projected at approximately $200 million between now and 2021, and involves the construction of a new decking facility at the existing Virginia site and the installation of additional production lines at the Nevada site.
The additional production lines in Nevada will come online beginning in the third quarter of 2019. Additional lines will also be installed by the end of the second quarter of 2020. The Virginia capacity will begin to come online in the first quarter of 2021.
The investment will allow Trex to increase production output for future projected growth related to its strategy of converting wood demand to Trex composite decking.
The Company expects to fund the capital expenditures primarily from operating cash flows.
Trex Company Announces New Multi-Year Capital Expenditure Program to Support Expanding Product Demand | Business Wire
