The facility expands manufacturing capabilities and advances AZEK’s commitment to create a more sustainable future
The AZEK Company Inc. (NYSE: AZEK) ("AZEK" or the “Company”), the industry-leading manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech® decking, Versatex® and AZEK® Trim and StruXure™ pergolas, today unveiled its newest manufacturing facility in Boise, Idaho - AZEK’s first in the Western part of the United States. The 350,000 square foot state-of-the-art facility further advances AZEK’s strategy to drive material conversion to its types of sustainable, low-maintenance and environmentally sustainable outdoor living products, providing capacity that will allow the Company to scale to market demand for its products.
AZEK has committed approximately $140 million to design, build and equip this facility with advanced technology and equipment. Currently being utilized to manufacture the Company’s premium composite decking, TimberTech®, the new facility has brought approximately 70 jobs to the Treasure Valley community and expects to support a total of about 150 jobs over the next two years.
“The opening of this facility is an exciting milestone for The AZEK Company, enabling us to both support our customers and further expand our market penetration in the region,” said Jesse Singh, CEO of The AZEK Company. “We chose Boise for our newest facility location because we share the same strong passion for sustainability and commitment to placing that passion at the core of everything we do. Our team has never been more committed to our strategy, identifying the right communities that will help us advance our sustainability goals, ensuring we bring more job opportunities to people who share our beliefs, and meeting and exceeding our customer expectations.”
The facility also features a dedicated 3,200 square foot state-of-the-art training center, which will be used for AZEK University product knowledge sessions and hands-on workshops —all designed to help AZEK’s distributor, dealer, architect and contractor partners build their businesses and educate their customers on AZEK’s industry-leading product lines, including TimberTech decking and railing, AZEK Exteriors products and more.
"We are proud The AZEK Company chose Boise for their new Western United States plant location," Idaho Governor Brad Little said. "Idaho’s business friendly environment is a perfect match for the company’s reputation as a leader in innovative and sustainable products that limit waste and advance recycling capabilities. Congratulations to The AZEK Company!”
AZEK has purposefully integrated sustainability into the design and construction of this retrofitted facility, including high-efficiency water and lighting systems, EV charging stations, bicycle parking, rooftop rainwater harvesting stations that lessens demand on local freshwater resources and reduces stormwater runoff, closed-loop water systems that re-use up to 98% of the water used annually, the incorporation of smart site management technologies, and other environmentally responsible initiatives which are aligned to the city's broader environmental goals. Additionally, approximately 300,000 pounds of construction and demolition waste were diverted from landfills during construction. LEED green building certification for this site is expected in the upcoming months.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This release contains or refers to certain forward-looking statements within the meaning of the federal securities laws and subject to the "safe harbor" protections thereunder. Forward-looking statements are statements about future events and are based on our current expectations. These forward-looking statements may be identified by the words “believe,” “hope,” "expect," "intend," "will," "target," “anticipate,” "goal" and similar expressions. Our forward-looking statements include, without limitation, statements about our manufacturing operations, expansion plans and capacity targets and with respect to our ability to meet the future targets and goals we establish, including our environmental, social and governance goals, and the ultimate impact of our actions on our business as well as the expected benefits to the environment, our employees, the communities in which we do business or otherwise. We base our forward-looking statements on information available to us on the date of this release, and undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of changed circumstances, new information, future events or otherwise, except as may otherwise be required by law. Actual future events could also differ materially due to numerous factors that involve substantial known and unknown risks and uncertainties including, among other things, the risks and uncertainties set forth under "Risk Factors" and elsewhere in our reports on Form 10-K and Form 10-Q and the other risks and uncertainties discussed in any subsequent reports that we file with the Securities and Exchange Commission from time to time. Although we have attempted to identify those material factors that could cause actual results or events to differ from those described in such forward-looking statements, there may be other factors that could cause actual results or events to differ from those anticipated, estimated or intended. Given these uncertainties, investors are cautioned not to place undue reliance on our forward-looking statements.
The AZEK Company
The AZEK Company Inc. (NYSE: AZEK) is the industry-leading designer and manufacturer of beautiful, low maintenance and environmentally sustainable outdoor living products, including TimberTech® decking, Versatex® and AZEK® Trim, and StruXure™ pergolas. Consistently recognized as the market leader in innovation, quality and aesthetics, products across AZEK’s portfolio are made from up to approximately 90% recycled material and primarily replace wood on the outside of homes, providing a long-lasting, eco-friendly, and stylish solution to consumers. Leveraging the talents of its approximately 2,000 employees and the strength of relationships across its value chain, The AZEK Company is committed to accelerating the use of recycled material in the manufacturing of its innovative products, keeping millions of pounds of waste out of landfills each year, and revolutionizing the industry to create a more sustainable future. Headquartered in Chicago, Illinois, the company operates manufacturing facilities in Ohio, Pennsylvania, Idaho, Georgia, Nevada, New Jersey and Minnesota. For additional information, please visit azekco.com.