HOUSTON, TX – March 26, 2013 – GSE Environmental, the leading global provider of highly engineered geosynthetic containment solutions for environmental protection and confinement applications, is excited to announce that it’s newest manufacturing plant in Suzhou, China has produced it’s first prime quality roll of liner. Construction began in January 2013 with a groundbreaking ceremony attended by municipal and provincial government officials, company representatives, and GSE customers. Crews completed construction of the plant at the end of 2013, and trial production began in early January.
Added Peter McCourt, President, International, “Once full production is reached, this plant will add 20,000 metric tons of new capacity and will have the ability to manufacture GSE’s entire line of geomembrane products to help our customers meet the growing demand for landfill expansions, industrial waste containment, mining, coal ash containment and oil and gas fracking in the region.”
About GSE Environmental
GSE is a global manufacturer and marketer of geosynthetic lining solutions, products and services used in the containment and management of solids, liquids, and gases for organizations engaged in waste management, mining, water, wastewater and aquaculture. Headquartered in Houston, Texas, USA, GSE maintains sales offices throughout the world and manufacturing facilities in the US, Chile, Germany, China, Thailand and Egypt. GSE is a publicly traded company on the New York Stock Exchange under the ticker symbol “GSE.”
This press release may include forward-looking statements within the meaning of the U.S. federal securities laws in addition to historical information. These statements include but are not limited to our plans, objectives, expectations and intentions and other statements that contain words such as "expects," "contemplates," "anticipates," "plans," "intends," "believes" and variations of such words or similar expressions that predict or indicate future events, or that do not relate to historical matters. These statements, which include but are not limited to statements regarding our intended use of proceeds from this offering, are based on our current beliefs or expectations and are inherently subject to significant uncertainties and changes in circumstances, many of which are beyond our control. There can be no assurance that our beliefs or expectations will be achieved. Actual results may differ materially from our beliefs or expectations due to economic, business, competitive, market and regulatory factors. We do not intend to update the forward-looking statements in this press release unless we are required to do so under applicable securities laws.
Vice President of Marketing