HILLIARD, Ohio – (July 6, 2016) –- Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the “Company”), a leading global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced that it is scheduled to build a new pipe manufacturing plant in Harrisonville, MO, approximately 40 miles south of Kansas City, MO, to better serve growing customer demand in the region.
Joe Chlapaty, Chairman and CEO of ADS commented, "We are pleased to announce our plans to expand our manufacturing footprint in Harrisonville, MO. In addition to freeing up production capacity in the Midwest for our pipe products, the new plant will allow us to meet the growing demand for all of our products in the region while helping to reduce the time and cost of delivery to our customers. This decision demonstrates our commitment to providing the very best service to our customers as we continue to grow."
The 65,000 square-foot plant is scheduled to open during the first half of 2017 and will produce the company's single and dual wall, high-density polyethylene (HDPE) and polypropylene pipe. The facility will also operate its own fleet of dedicated delivery trucks and the full portfolio of ADS products will be available at the site including ADS N-12® HDPE pipe, HP Storm and SaniTite® polypropylene pipe, StormTech Chambers, INSERTA TEE® and other fittings, Nyloplast® Drain Structures plus geosynthetic fabrics and grids.
Advanced Drainage Systems (ADS) is the leading manufacturer of high performance thermoplastic corrugated pipe, providing a comprehensive suite of water management products and superior drainage solutions for use in the construction and infrastructure marketplace. Its innovative products are used across a broad range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications. The Company has established a leading position in many of these end markets by leveraging its national sales and distribution platform, its overall product breadth and scale and its manufacturing excellence. Founded in 1966, the Company operates a global network of 61 manufacturing plants and 31 distribution centers. To learn more about the ADS, please visit the Company’s website at www.ads-pipe.com.
Forward Looking Statements:
Certain statements in this press release may be deemed to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are not historical facts but rather are based on the Company’s current expectations, estimates and projections regarding the Company’s business, operations and other factors relating thereto. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “confident” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in the Company’s filings with the Securities and Exchange Commission.
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