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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tubi Limited | ASX:2BE | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.049 | 0.042 | 0.05 | 0.00 | 01:00:00 |
Tubi USA, Inc. (the “Company” or “Tubi”) is pleased to announce the first commercial production run at the Company’s newly commissioned plants in Bartow, Florida. Production at the site in Florida is currently classified as essential service under COVID-19 restrictions.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200709005921/en/
Aerial view of Tubi's two plants at Bartow, Florida site - with produced long length pipe (Photo: Business Wire)
Two newly commissioned plants in Florida
Tubi has established a new mobile manufacturing site in Bartow, Florida with two plants that are now both fully commissioned and operational. The two new plants have significant technological upgrades with production lines capable of the highest production rates and the most advanced quality control monitoring in the world. Customers in Florida are already taking advantage of Tubi’s unique ability to produce 500-foot pipe lengths at the jobsite. Previously, the Florida HDPE pressure pipe markets were geographically isolated from HDPE pipe manufacturing plants. Having direct access to the new Tubi plants in central Florida reduces freight and installation costs, improves safety, reduces carbon emissions, and creates local jobs.
Tubi currently operates a mobile extrusion plant in Odessa, TX with plans to move a fourth new mobile extrusion plant to Tucson, AZ in September.
Tubi’s Chief Executive Officer, Marcello Russo, said:
“The health and welfare of our employees, customers and local communities is our highest priority at this difficult time during the COVID-19 pandemic. We have adapted to work within the restrictions applied to our movement and activities as required by authorities.
“Establishing a base site in Bartow, Florida, consistent with the strategy announced in March, is creating new opportunities for innovation and differentiation.”
This announcement has been authorized for release by the Board of Tubi Limited.
Tubi Limited is publicly traded on the Australian Stock Exchange (ASX) as 2BE.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200709005921/en/
Wes Long Chief Operating Officer Tubi USA, Inc. wes.long@tubigroup.com Tel: 214-490-4980 Or visit www.tubigroup.com
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