New Luxor Manufacturing Line of Heavy Timber Products for Hampton Lumber Sales - Canada
VANCOUVER, British Columbia, March 23, 2015 (GLOBE NEWSWIRE) -- Luxor Industrial Corporation (Pink Sheets:LXRRF) (TSX-V:LRL) wishes to announce that it has commenced manufacturing Heavy Duty Crane Industrial Mats and other related large timber products for Hampton Lumber Sales – Canada, the Canadian Division of one of the largest North American privately held forest products companies - Hampton Affiliates.
There are few manufacturers of this type of mat in North America because of the facilities required to handle very heavy and long raw materials and finished products. Luxor has invested in a new semi-automated hydraulic assisted processing line to prepare the heavy 12" X 12" X 20' timbers for "notched" crane mat assembly. "Together with Hampton, new quality control and higher engineering specifications have been implemented; setting the Luxor crane mats into the category of the highest standards ever in North America," states James Lazaruk of Hampton.
The production line is also assembling "digging mats," another 4' X 20' mat, built using the same Hampton high quality timbers, but with heavy duty "cable" assemblies attached.
The "notched" crane mats serve several heavy industries such as Crane (100 to 450 tons) Pads for Plant Construction, Pipeline Construction, Wind Farm Tower Erection, Mining Roads, Pipeline Crossings and Major Bridge Repairs. The "digging" mats are utilized in Pipeline Assembly and Repairs and Upgrades.
A byproduct of this new manufacturing line is the production of 12" x 12" x 3' blocking, which is used during the assembly of "Mods," the large modular sections of plants and processing facilities typical of large plant operations for the oil sands and oil and gas development in Western Canada.
"Our growing partnership with a large respected forest products group like Hampton, provides Luxor with an incredible opportunity to increase both sales and production efficiencies," states John Taylor, President of the Company's manufacturing subsidiary.
Luxor continues to do research and development on new products and will keep shareholders advised on existing activities and progress on new products. Hampton, in conjunction with the engineering design team at Luxor are already working on additional industrial timber based products to serve the oil & gas industry, for release later this year.
About Luxor Industrial Corporation
Luxor manufactures and markets its patented IBS 2000® and patent pending IBS3000™ floor engineered bridging. Luxor has spent years analyzing wood-frame floor construction, establishing itself as a leading authority in wood floor performance engineering. Luxor also manufactures other building components, architectural wood products and offers various custom wood cutting services.
It distributes and designs laminated beams for use in large wood structures. It manufactures wood mat products for various applications including transmission lines, pipelines, wind farms, staging areas, boardwalks and pathways and oil and gas and mining operations.
About Hampton Lumber Sales – Canada/Hampton Affiliates
Established in 1942, Hampton has forest product operations in Oregon, Washington and British Columbia. Based in Portland, Oregon, Hampton operations include eight saw mill complexes with a production capacity of over 2.3 billion board feet per year, making Hampton, with over 1800 employees, one of the largest lumber producers in North America.
Forward Looking Statements
This news release contains forward looking statements. Although Luxor believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Luxor can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Additional information may be accessed through the Sedar website: www.sedar.com.
The TSX Venture Exchange has neither approved nor disapproved this announcement.
CONTACT: Luxor Industrial Corporation
(March 23, 2015 - 9:01 AM EDT)
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