Trex Company Wins Health and Safety Award From State of Virginia; Trex Co. Gets High Marks for Workplace Safety.
WINCHESTER, Va.--(BUSINESS WIRE)--April 13, 2000
Trex Company, Inc. (NYSE: TWP), manufacturer of Trex(R) Easy Care Decking(R), the nation's leading alternative decking lumber, has achieved designation as a Virginia Safety and Health Achievement Recognition Program (SHARP) worksite.
SHARP is a Virginia Department of Labor and Industry (DOLI) voluntary compliance program which recognizes companies that continuously strive to improve safety and health in the workplace. In a ceremony on April 5, 2000, DOLI Regional Director Neal Mohlmann presented the award and flag to Trex Co. at the company's manufacturing facility.
"Safety in the workplace has always been a number one priority at our facilities," said Robert Matheny, President, Trex Company. "We are very pleased that the Virginia Department of Labor has recognized our efforts." Matheny credited compliance with the SHARP program to James Tebbetts, Safety and Environmental Manager for Trex Company and the 18-member Trex Co. Safety Committee. This self-directed team represents the production, warehouse, maintenance and engineering areas of the manufacturing facility. They evaluate and improve all potential hazards in the Trex Co. workplace, regularly inspecting work areas, equipment and incidents. "The efforts of this outstanding team contributed to our SHARP recognition," said Tebbetts. "The members have worked overtime to achieve SHARP's 25 areas of safety and to reduce injury rates."
According to John Mills Barr, Commissioner of the Virginia Department of Labor and Industry, Trex Company is a proven leader in the areas of occupational safety and health in Virginia. The company is entitled to bear the SHARP logo and fly a SHARP flag over the plant as part of the recognition.
Trex decking is a splinter-free decking lumber that does not need stains or sealants to keep its long-lasting good looks. Made primarily from recycled or reclaimed plastic and waste wood, Trex decking is moisture- and insect-resistant and is code-listed by the nation's three major building code agencies. For more information, call 1-800-BUY-TREX or visit website www.trex.com.
Trex Company is the nation's largest manufacturer of non-wood decking, which is marketed under the brand name Trex(R). Trex Wood-Polymer(TM) lumber offers an attractive appearance and the workability of wood without the ongoing need for protective sealants or repairs. Trex decking is manufactured in a proprietary process that combines waste wood fibers and reclaimed polyethylene and is used primarily for residential and commercial decking. The Company sells its products through 60 wholesale distribution locations, which in turn sell Trex decking to more than 2,000 independent contractor-oriented retailer lumberyards across the United States. Company sales have increased from $3.5 million in 1993 to $74.3 million in 1999.
Editors' note: Trex, Trex (stylized) and Easy Care Decking are either federally registered trademarks, trademarks or trade dress of Trex Company, Winchester, VA. The statements in this press release regarding the Company's expected sales performance and operating results, its anticipated financial condition and its business strategy constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to risks and uncertainties that could cause the Company's actual operating results to differ materially. Such risks and uncertainties include the extent of market acceptance of the Company's products, the Company's ability to increase its manufacturing capacity, the sensitivity of the Company's business to general economic conditions and the highly competitive markets in which the Company operates. The Company's report on Form 8-K filed with the Securities and Exchange Commission on May 25, 1999 discusses some of the important factors that could cause the Company's actual results to differ materially from those in these forward looking statements.