Basanite, Inc. to Open New Production and Distribution Facility in Northeast Ohio
Basanite Inc. (OCTQB: BASA) has announced plans to relocate its operations from Pompano Beach, Florida, to a new production and distribution facility in Northeast Ohio. The company cites several strategic advantages for this move, including improved access to labor, more favorable real estate costs, and promising regional demand indicators.
Acting Interim CEO Ali Manav expects to secure a facility and establish operations within the next 45 days. The relocation plan involves transferring all manufacturing equipment, inventory, and raw materials to the new Midwest location. Basanite specializes in manufacturing environmentally friendly, high-performance basalt fiber composite products for the construction industry.
Basanite Inc. (OCTQB: BASA) ha annunciato piani per trasferire le sue operazioni da Pompano Beach, Florida, a una nuova struttura di produzione e distribuzione nel Nordest dell'Ohio. L'azienda cita diversi vantaggi strategici per questo trasferimento, tra cui un miglior accesso alla forza lavoro, costi immobiliari più favorevoli e indicatori di domanda regionale promettenti.
Il CEO ad interim, Ali Manav, prevede di assicurarsi una struttura e avviare le operazioni entro i prossimi 45 giorni. Il piano di trasferimento prevede il trasferimento di tutta l'attrezzatura di produzione, inventario e materie prime nella nuova posizione nel Midwest. Basanite si specializza nella produzione di prodotti compositi in fibra di basalto ad alte prestazioni e ecologici per l'industria delle costruzioni.
Basanite Inc. (OCTQB: BASA) ha anunciado planes para reubicar sus operaciones de Pompano Beach, Florida, a una nueva instalación de producción y distribución en el noreste de Ohio. La compañía cita varias ventajas estratégicas para este movimiento, que incluyen un mejor acceso a la mano de obra, costos inmobiliarios más favorables y prometedores indicadores de demanda regional.
El CEO interino, Ali Manav, espera asegurar una instalación y establecer operaciones dentro de los próximos 45 días. El plan de reubicación implica transferir todo el equipo de fabricación, inventario y materias primas a la nueva ubicación en el Medio Oeste. Basanite se especializa en la fabricación de productos compuestos de fibra de basalto de alto rendimiento y respetuosos con el medio ambiente para la industria de la construcción.
바사나이트 주식회사 (OCTQB: BASA)는 플로리다주 폼파노 비치에서 오하이오 북동부에 위치한 새로운 생산 및 유통 시설로 운영을 이전할 계획을 발표했습니다. 이 회사는 이 이전의 여러 가지 전략적 이점을 언급하며, 여기에는 인력 접근성 향상, 보다 유리한 부동산 비용, 그리고 유망한 지역 수요 지표가 포함됩니다.
임시 CEO인 알리 마나브는 향후 45일 이내에 시설을 확보하고 운영을 시작할 것으로 기대하고 있습니다. 이전 계획에는 모든 제조 장비, 재고 및 원자재를 새로운 중서부 위치로 이전하는 것이 포함됩니다. 바사나이트는 건설 산업을 위한 친환경적이고 고성능의 섬유 복합 제품 제조를 전문으로 하고 있습니다.
Basanite Inc. (OCTQB: BASA) a annoncé des plans pour déplacer ses opérations de Pompano Beach, en Floride, vers une nouvelle installation de production et de distribution dans le Nord-Est de l'Ohio. L'entreprise cite plusieurs avantages stratégiques pour ce déménagement, y compris un meilleur accès à la main-d'œuvre, des coûts immobiliers plus favorables et des indicateurs de demande régionale prometteurs.
Le PDG intérimaire, Ali Manav, prévoit de sécuriser une installation et de commencer les opérations dans les 45 prochains jours. Le plan de relocalisation implique le transfert de tous les équipements de fabrication, l'inventaire et les matières premières vers le nouveau site du Midwest. Basanite se spécialise dans la fabrication de produits composites en fibre de basalte, respectueux de l'environnement et de haute performance, pour l'industrie de la construction.
Basanite Inc. (OCTQB: BASA) hat Pläne angekündigt, ihre Betriebsstätten von Pompano Beach, Florida, in eine neue Produktions- und Vertriebsstätte im Nordosten von Ohio zu verlegen. Das Unternehmen nennt mehrere strategische Vorteile für diesen Schritt, darunter eine verbesserte Verfügbarkeit von Arbeitskräften, günstigere Immobilienpreise und vielversprechende regionale Nachfragesignale.
Der amtierende CEO Ali Manav rechnet damit, innerhalb der nächsten 45 Tage eine Einrichtung zu sichern und die Operationen aufzunehmen. Der Umzugsplan umfasst den Transfer aller Produktionsanlagen, Bestände und Rohmaterialien an den neuen Standort im Mittleren Westen. Basanite ist auf die Herstellung von umweltfreundlichen und leistungsstarken Basaltfaserverbundprodukten für die Bauindustrie spezialisiert.
- Strategic expansion into Midwest market with potential for increased regional demand
- Expected cost reduction through more favorable real estate costs
- Improved access to labor force in Northeast Ohio
- Quick implementation timeline of 45 days for facility acquisition
- Potential operational disruption during relocation of all manufacturing equipment and inventory
- Risk of delays in securing new facility and establishing operations
- Temporary production halt during transition period
Basanite, Inc. currently has all its operations and manufacturing facilities in
"After careful consideration and analysis, I have determined that establishing a presence in the Midwest, specifically
The Company intends to move all manufacturing equipment, inventory, and raw materials to a new location and commence operations as soon as it secures the new location.
About Basanite
Basanite, Inc. (OTCQB: BASA), through its wholly owned subsidiary Basanite Industries, LLC, is a manufacturer and developer of a range of environmentally friendly, high-performance basalt fiber composite products used by the construction industry. Superior to traditional steel elements, Basanite's sustainable products are non-corrosive, lighter, stronger and longer lasting. For more information, please visit www.BasaniteIndustries.com.
Cautionary Note Regarding Forward-Looking Statements
This release, the symposium referred to herein, and statements by the Company's management in connection therewith contains or may contain "forward-looking statements," which are based on Company management's current expectations and assumptions as of the date of this press release. Such statements include those regarding the Company's business and performance, its prospects, its products and the market for such products, the economy, and other future conditions and forecasts of future events, circumstances, and results, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "goal," "feel," "may," "plan," "will," "expect," "anticipate," "estimate," "intend," "potential" and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements in this press release involve substantial risks and uncertainties that could cause actual future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. All forward-looking statements in this press release and made in connection with the symposium referred to herein reflect Basanite's current analysis of existing trends and information and represent Basanite's judgment only as of the date of this press release. Actual results may differ materially from current expectations based on a number of factors, many of which are beyond the Company's control. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company (including the risk of the Company continuing as a going concern), please see the Company's Annual Report on Form 10-K for the year ended December 31, 2021, including but not limited to the discussion under "Risk Factors" therein, which was filed with the
Contact: info@basaniteindustries.com, 954-532-4653
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SOURCE Basanite, Inc.
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