CLARCOR to Build New U.S. Distribution Center at Baldwin Filters
31 Januar 2013 - 11:33PM
Business Wire
The Board of Directors of CLARCOR Inc. (NYSE: CLC) has approved
an approximately $40 million investment by its subsidiary Baldwin
Filters, Inc. to build a new 400,000 square foot warehouse and
distribution center adjacent to Baldwin’s current manufacturing
facility in Kearney, Nebraska. The project is anticipated to take
approximately two years to complete.
Chris Conway, CLARCOR’s Chairman and Chief Executive Officer,
stated, “Our Baldwin business is a principal driver of CLARCOR’s
success, and we are excited to expand Baldwin’s capacity to handle
anticipated growth over the next decade. Baldwin has become the
leading North American supplier of heavy duty aftermarket engine
filters precisely because of its product breadth and its
demonstrated ability to meet its customers’ expectations for
product quality, performance, and on time delivery. Efficient
distribution capabilities and excellent customer service are the
lifeblood of Baldwin, and our new facility should ensure that
Baldwin retains these competitive advantages for years to come.
“Not only will we improve our warehousing and distribution
capabilities, but the new facility should allow us to address
inefficiencies with off-site storage and free up additional
manufacturing space so that Baldwin can make an even broader array
of products, achieve greater production efficiencies and advance
its efforts to develop new and exciting engine filtration
technologies. We expect to see capacity and efficiency gains as a
result of this project.”
Groundbreaking for the new facility is expected to take place in
the spring of 2013 with the anticipated opening of the facility in
the spring of 2015. Approximately $20 million of the total
investment is anticipated to be made in fiscal year 2013 and has
been included in CLARCOR’s 2013 capital expenditure budget. The
remainder of the approximately $40 million total investment is
expected to be made in fiscal years 2014 and 2015.
CLARCOR is based in Franklin, Tennessee and is a diversified
marketer and manufacturer of mobile, industrial and environmental
filtration products and consumer and industrial packaging products
sold in domestic and international markets. Common shares of the
Company are traded on the New York Stock Exchange under the symbol
CLC.
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