This will allow Nordex to continue to diversify and grow its revenues in non-mining sectors. The new site has been licensed as a factory site which permits both the storage and distribution of explosives and also allows for permitted blending, mixing and processing of explosives on site.
Nordex identified the need for additional distribution sites to increase its ability to serve new clients and better service existing clients by increasing its geographic radius of operations. This site was chosen specifically in order to supply explosives to large quarry operations in the immediate vicinity. The location also provides Nordex with regulatory approval to solicit and service additional construction, quarry and mining clients within a new geographic market area not previously available.
“We have been working on this type of initiative for many months as we continue to execute our expansion plans to drive profitable revenue growth in non-mining markets,” said Jim Taylor, president, CEO. “This is the second such location announced and is an important milestone in the strategic growth plan of Nordex. All of the necessary licenses and permits are in place and we are now positioned to compete for further market share in a new geographic area. We will continue to aggressively follow our growth strategy in the coming months as we open additional new sites and continue to identify and expand into new regions.”