Press release from Marketwire
Nordex Utilizes Funding to Expand on Three Projects
Friday, March 07, 2014
Nordex Utilizes Funding to Expand on Three Projects08:00 EST Friday, March 07, 2014
KIRKLAND LAKE, ONTARIO--(Marketwired - March 7, 2014) - Nordex Explosives Ltd. ("Nordex" or the "Corporation") (TSX VENTURE:NXX) is pleased to announce the successful implementation of three projects designed to expand the Corporation's footprint in the explosives business. These projects have been successfully financed through cash flow and funding available under several levels of Government including: the Northern Ontario Heritage Fund ("NOHFC"), the Fednor AIDE Initiative and the Yves Landry Foundation. These three new projects focused on the custom design and building of specialty bulk trucks; the design and fabrication of equipment and processes to manufacture a new explosives product line for perimeter control and a prototype underground emulsion loader. Nordex continues to define and execute new business strategies designed to increase the potential customer base, promote safety and the environment, and make available more efficient products.
Buttbuster Perimeter Control Product
Nordex has a cooperative relationship with Australian based Johnex Explosives, whereby Nordex retains exclusive production rights for the "Buttbuster" proprietary perimeter control product line. Nordex employees were provided with training by consultants from Johnex Explosives for the safe and proper operation of specialized equipment and production optimization required to produce this product. This product greatly increases the safety of underground blasting by reducing back break and greatly reduces waste dilution. Buttbuster is the perimeter control product of choice for both surface and underground blasting applications and is exclusively available in North America through Nordex.
Prototype Underground Emulsion Loader and Operating Procedures
Nordex has completed training of key employees for the operation and maintenance of the Corporation's unique emulsion loading unit. This unit has distinct and specialized abilities that have increased production efficiency, reduced manpower, reduced the use of package products and lessened the environmental impact. This project will be expanded and offered for use in new underground operations in North America.
Custom Built Bulk Trucks
Nordex completed training which will allow for the independent delivery and loading of emulsion products for industries including mining, quarries and construction. This project also allows for emulsion products to be loaded by trained operators and will result in no product being stored on client work sites.
With each new project that the Corporation develops and implements for use in the mining, quarry and construction business, Nordex further demonstrates its leadership in the explosives business. President and CEO Jim Taylor states; "With the assistance of the NOHFC, Yves Landry Foundation and the Fednor AIDE Initiative we have been able to attract, train and retain key employees. Nordex takes great pride in having a professional and dedicated 'Made in Canada' team for delivering explosives in Canada. We look forward to expanding our footprint across Canada, and making available the best and safest explosives products to our customers."
A brief video showcasing President and CEO Jim Taylor and current plant operations can be viewed at the following link.
About Nordex Explosives
Nordex Explosives Ltd. is a Canadian based manufacturer and distributor of explosives for the mining, quarry and construction industries since 1970. Its manufacturing operations and distribution centre is strategically located in one of the world's largest mining regions near Kirkland Lake, Ontario. Nordex is the exclusive supplier of the Econotrim and Ezicharge perimeter control explosive products in Canada. Additional information can be found at www.nordexexplosives.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Capital Ideas IR
403 517 2270
Nordex Explosives Ltd.
President and CEO
705 642 3265 extension 203