Innovative Composites International Inc. said it started the production line at its Orangeburg facility, which is designed to produce up to 5 million square feet of composite modular homes annually.
The Toronto-based company produces composite products targeting the multi-billion dollar prefabricated modular housing and transportation markets.
"The commissioning of the plant equipment and initial production of our composite homes has begun," said Terry Ball, president and CEO of ICI. "The on-time and on-budget start-up of the South Carolina facility represents the achievement of another major milestone by our team. It is important to understand that no technology scale up is taking place here. We are simply increasing throughput volume by adding material handling equipment to our line and therefore do not expect any major technical challenges in the ramp up process."
ICI's pipeline of affordable housing projects is currently in various stages of development in more than a dozen countries worldwide and the company believes that the demonstration of commercial production in South Carolina should accelerate the conversion of these opportunities into significant sales and result in the addition of new projects to the pipeline, the company said...
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