Synalloy’s Specialty Chemicals Group Awarded $7 Million in New Business
Synalloy Corporation (SYNL)
US:NASDAQ Investor Relations:
investor.synalloy.com/investor-relations
Company Research
Source: GlobeNewswire
RICHMOND, Va., April 23, 2018 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL), is pleased to announce that its Specialty Chemicals Group has been selected by a global chemical company to manufacture a product line for the construction market. The product will be produced at Synalloy’s CRI facility, using existing equipment and personnel. Full production will commence in May and will contribute approximately 4 million pounds of additional volume to the CRI facility for the balance of the year. This represents a 20% increase in previously forecasted volume for this facility in 2018. Volume in subsequent years should approach 6 million pounds annually, contributing $10 million in revenue. Synalloy Corporation (Nasdaq:SYNL) is a growth-oriented company that engages in a number of diverse business activities including the production of stainless steel pipe and tubing, fiberglass and steel storage tanks and specialty chemicals and the master distribution of seamless carbon p
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