PRESS CONFERENCE - NOV. 2005There's great news for Wulftec® customers and distributors: Wulftec® will soon be able to fill more orders in less time, thanks to a major capital investment in our manufacturing plant. If you have been reading the Wulfline recently, you know that Wulftec® has been enjoying a very successful year of record-setting sales. To keep this momentum going at full speed, Wulftec® has recently announced that it will invest $1.5 million to further increase productivity. The investment will involve a major expansion of Wulftec's plant in Ayer's Cliff, increasing our total surface area from our current 110,000 square feet to a whopping 136,000 square feet. The project will be divided into two phases: first the construction of this addition will be completed by the end of December 2005, and the reorganization of the production line will be finished in March 2006. Wulftec® has already increased its workforce from 144 to 204 employees in the last 18 months. This recent investment could see the creation of even more new positions. This announcement comes on the heels of a 25% growth rate for Wulftec® so far in 2005, despite a difficult economic setting and a strong Canadian dollar. Our annual sales are expected to increase by 15% by year's end--a considerable feat given that 83% of all Wulftec® products are exported to the United States. This ambitious expansion project will ensure Wulftec® maintains its competitive position in the market and remains a leader of stretch wrapping machinery.
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