Nordex Continues to Increase Production of Buttbuster Explosives Product Line
03 April 2014 - 4:58PM
Marketwired
Nordex Continues to Increase Production of Buttbuster Explosives
Product Line
KIRKLAND LAKE, ONTARIO--(Marketwired - Apr 3, 2014) - NORDEX
EXPLOSIVES LTD. ("Nordex" or the "Corporation") (TSX-VENTURE:NXX)
is pleased to announce continued progress in its manufacturing of
the "Buttbuster" perimeter control product designed for surface and
underground blasting applications. The Corporation completed
construction and received final approval for its new production
facility in late 2013, and has continued to increase its maximum
daily manufacturing rates based on the averages established per
each day when in full production as follows:
Average Buttbuster Production Figures per each Full
Shift |
|
|
Sep 2013 |
|
Oct 2013 |
|
Nov 2013 |
|
Dec 2013 |
|
Jan 2014 |
|
Feb 2014 |
|
Mar 2014 |
Quanitity of Cases |
4 |
|
11 |
|
18 |
|
25 |
|
47 |
|
93 |
|
104 |
Nordex has stated the anticipated capacity to manufacture up to
120 cases per shift when in full production and each month has been
increasing its capabilities in order to achieve this objective.
Each case manufactured contains approximately 25kg of
specialized product cut to customized lengths based on specific
client needs.
Nordex has a cooperative relationship with Australian based
Johnex Explosives, whereby Nordex retains exclusive production and
distribution rights for the "Buttbuster" proprietary perimeter
control product line.
The Corporation has recently updated its information reflecting
this product and will introduce it to existing and new markets in
2014. To date the Company has manufactured and sold over 2,500
cases of product.
About Nordex
Explosives
Nordex Explosives Ltd. is a Canadian based manufacturer and
distributor of explosives for the mining, quarry and construction
industries since 1970. Its manufacturing operations and
distribution centre is strategically located in one of the world's
largest mining regions near Kirkland Lake, Ontario. Nordex is the
exclusive supplier of the "Buttbuster" perimeter control explosive
products in Canada. Additional information can be found at
www.nordexexplosives.com.
Neither the TSX Venture nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture)
accepts responsibility for the adequacy or accuracy of this
release.
Capital Ideas IRDean StuartT: 403 517 2270E:
dean@boardmarker.netJim TaylorPresident and CEOT: 705 642 3265
extension 203E: jtaylor@nordexexplosives.com
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