VANCOUVER, British Columbia, April 07, 2016 (GLOBE NEWSWIRE) -- Luxor Industrial Corporation (TSX.V:LRL) (OTC:LXRRF) is pleased to announce that it has leased 4 acres of land including a 35,000 square foot building in Chilliwack, BC to increase its manufacturing capacity for pre-fabricated walls, FastFrame™ window and door components, and pre-cut and packaged engineered wood products for floors and roofs. The new facility is located 20 miles from Luxor’s main manufacturing operations in Abbotsford, BC. Both plants are in close proximity to the US border, ideally located to service the Pacific Northwest.
The plant, operated by Luxor’s Mill Frame Inc. will supply the Company’s Mill Frame LLC turnkey framing contracts in Washington State. Luxor’s 2016 US framing contracts total in excess of US $ 11 million or Can $ 15 million and are expected to increase significantly.
The tight labor supply and increasing volume of multi-family construction in Washington State has resulted in numerous inquiries from framing companies, lumber yards and general contractors for the products manufactured and processed in the Chilliwack facility.
John Hunter, president of Mill Frame Inc., comments, “With the shortage of wall panel capacity and skilled labor in the US, combined with our experienced management team, this is an excellent opportunity for our Company to significantly increase product sales.”
Luxor will keep shareholders informed on progress on the above matters as well as any other developments.
About Luxor Industrial Corporation
Luxor has vertically integrated through the recent acquisitions of turnkey framing companies in Canada and the United States. The Company now distributes Pre-Fabricated Wall Panels and a complete line of Multi-Family Engineered Lumber. http://www.millframe.com/#!products/sqp1c
Luxor is involved in the development, engineering, manufacturing and marketing of engineered wood products. In the industrial sector, it manufactures wood mat products. In the residential sector it manufactures its patented IBS 2000® engineered floor bridging, fire protected architectural wood products, and FastFrame™ wall components. For further information, visit Luxor’s website at www.luxorcorp.com.
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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact: Luxor Industrial Corporation Terry Lashman (800) 665-2454 (604) 684-7929 John Taylor (877) 496-4355 (604) 864-9601 www.luxorcorp.com
Source:Luxor Industrial Corporation