14:18:23 EDT Fri 14 Jun 2024
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Atlas Engineered Products Ltd
Symbol AEP
Shares Issued 59,446,981
Close 2024-05-17 C$ 1.41
Market Cap C$ 83,820,243
Recent Sedar Documents

Atlas Engineered acquires one acre of land in Clinton

2024-05-21 12:35 ET - News Release

Mr. Hadi Abassi reports

ATLAS ENGINEERED PRODUCTS ADVANCES ROBOTIC AUTOMATION AND EXPANSION WITH STRATEGIC LAND AQUISITION

Atlas Engineered Products Ltd. has acquired an additional one acre of industrial zoned land adjacent to its Clinton Building Components facility in Clinton, Ont. This is in addition to another 1.5 acres of land purchased immediately adjacent to Clinton a few years ago. This expansion is integral to the company's continuing efforts to enhance manufacturing capabilities through automation and robotics.

Both parcels of land will be developed to support future robotic automation projects aimed at boosting operational efficiencies and expanding production capacity to meet housing demands. "With this acquisition, we are positioning ourselves to meet the steady demand we see in the market, despite high interest rates remaining unchanged. This proactive expansion and automation initiative shows our commitment to staying ahead of industry trends and demand curves," said Hadi Abassi, chief executive officer and president of Atlas.

About Atlas Engineered Products Ltd.

Atlas is a growth company that is acquiring and operating profitable, well-established operations in Canada's truss and engineered products industry.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.