Investor Press Release
Engineered Products Division of Quanex Corporation Opens West Coast Facility
HOUSTON, Aug. 18 /PRNewswire-FirstCall/ -- Quanex Corporation (NYSE: NX) announced today that its Engineered Products division is opening a facility located in Hood River, Oregon to support its HOMESHIELD product lines based in Chatsworth, Illinois. Engineered Products will fabricate and assemble parts for window manufacturers in Oregon and other Western locations. The facility is expected to open in January 2004.
Engineering Products is pursuing its strategy of providing enhanced service to its customers, some of whom have recently located in this region. "We anticipate significant growth within our West Coast market and believe the timing is right to open a facility there," Jim Gulliford, President of Engineered Products said. "It is advantageous to establish this location in order to provide the quick response capability our customers expect from us and to more effectively align our distribution. This new facility underscores Quanex's strategy of focusing on organic growth."
Engineered Products' HOMESHIELD operations, located in Chatsworth, Illinois, is a vertically integrated window components producer manufacturing window frames, spacers, screens and muntin.
Quanex Corporation is an industry-leading manufacturer of engineered materials and components for the Vehicular Products and Building Products markets. The company was founded in 1927 and its stock is listed on the New York Stock Exchange under the symbol NX. For further information visit the Company's website at www.quanex.com .
Contacts: Jeff Galow, 713/877-5327
Valerie Calvert, 713/877-5305
SOURCE Quanex Corporation