AZZ INC.
June 30, 2015 - FORT WORTH, TX - AZZ incorporated (NYSE:AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, today announced the construction of a new hot-dip galvanizing plant near Reno, Nevada. The new 25 acre plant site is located in the Tahoe-Reno Industrial Center east of Sparks, Nevada will be open for business by January of 2016. Upon completion of the new Reno facility, AZZ Galvanizing Services will operate a network of 43 hot-dip galvanizing plants in the United States and Canada.
The new Reno plant will be an environmentally friendly, state of the art, 50,000-square foot facility with a 30'-6"L x 7'-3"W x 10'D kettle . AZZ Galvanizing - Reno, LLC will employ 25 to
30 people, expanding as demand for high quality hot-dip galvanizing services grows. Initial hires will include production, maintenance and administrative personnel. Local employment is anticipated to grow to 60 plus people over the course of two to three years.
Tim Pendley, chief operating officer of Galvanizing Services of AZZ incorporated, commented, "We chose Reno because of all of the positive economic development in the area. It provides the opportunity to develop this new and untapped market. We've been planning the expansion into the Reno area for several years, waiting for the opportune time to invest in the future of this growing community. Upon completion of the Reno facility we will have 43 galvanizing facilities in our network allowing us to provide superior customer service with customized turnaround times that are unmatched in the industry. We are very excited to be a part of Nevada's future."
Tom Ferguson, president and chief executive officer of AZZ incorporated, commented, "The addition of Reno to our geographic coverage map, positions us to effectively drive new corrosion protection business in a very important region. This is an underserved market that features manufacturing and agricultural customers that will benefit from the broad portfolio of metal protection services that AZZ provides. This is a great opportunity and we expect to develop that opportunity to the maximum extent possible."
Hot dip galvanizing is the environmentally conscientious process of protecting steel from decay by alloying zinc on the surface of the steel resulting in a maintenance-free corrosion protection system that lasts for generations. Galvanized steel is found throughout all aspects of our lives including housing, schools, bridges, guard rails, power transmission poles, highway signs, light poles, stadiums and numerous other applications.
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About AZZ incorporatedAZZ incorporated is a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services to the markets of power generation, transmission, distribution and industrial in protecting metal and electrical systems used to build and enhance the world's infrastructure. AZZ Galvanizing is a leading provider of metal finishing solutions for corrosion protection, including hot dip galvanizing to the North American steel fabrication industry. AZZ Energy is dedicated to delivering safe and reliable transmission of power from generation sources to end customers, and automated weld overlay solutions for corrosion and erosion mitigation to critical infrastructure in the energy markets worldwide.
Safe Harbor StatementCertain statements herein about our expectations of future events or results constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by terminology such as, "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. Such forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain, and investors must recognize that actual results may differ from those expressed or implied in the forward-looking statements. This release may contain forward-looking statements that involve risks and uncertainties including, but not limited to, changes in customer demand and response to products and services offered by AZZ, including demand by the power generation markets, electrical transmission and distribution markets, the industrial markets, and the hot dip galvanizing markets; prices and raw material cost, including zinc and natural gas which are used in the hot dip galvanizing process; changes in the political stability and economic conditions of the various markets that AZZ serves, foreign and domestic, customer requested delays of shipments, acquisition opportunities, currency exchange rates, adequacy of financing, and availability of experienced management and employees to implement AZZ's growth strategy. AZZ has provided additional information regarding risks associated with the business in AZZ's Annual Report on Form 10-K for the fiscal year ended February 28, 2015 and other filings with the SEC, available for viewing on AZZ's website at www.azz.com and on the SEC's website at www.sec.gov. You are urged to consider these factors carefully in evaluating the forward- looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. These statements are based on information as of the date hereof and AZZ assumes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact: Paul Fehlman, Senior Vice President - Finance and CFO AZZ incorporated 817-810-0095
Internet: www.azz.com
Lytham Partners 602-889-9700
Joe Dorame or Robert Blum
Internet: www.lythampartners.com
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