Advanced Drainage Systems Hosts Groundbreaking for $30 Million World-Class Recycling Facility Expansion in Cordele, Georgia
Advanced Drainage Systems (NYSE: WMS) announced a groundbreaking $30 million expansion of its recycling facility in Cordele, Georgia.
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Rhea-AI Summary
Advanced Drainage Systems (NYSE: WMS) announced a groundbreaking $30 million expansion of its recycling facility in Cordele, Georgia. The expansion will increase the facility's total size to 117,000 square feet and create up to 50 new jobs.
The enhanced facility will feature advanced plastic handling and processing capabilities, an onsite laboratory for streamlined testing, and will supply high-quality recycled plastic material to nearby ADS manufacturing sites. As one of North America's largest plastic recycling companies, ADS converts post-industrial and post-consumer recycled plastics into durable products like pipe and chambers.
The development was supported by the Cordele-Crisp County Industrial Development Council, Crisp County Commissioners, and the Georgia Department of Economic Development, with the Crisp County Power Commission providing transformer installation support.
Positive
- $30 million investment in facility expansion
- Creation of up to 50 new jobs
- Increased operational capacity with 117,000 square feet facility
- Enhanced manufacturing capabilities with onsite laboratory
- Strategic location optimization for Southeast distribution
Negative
- None.
Details
News Market Reaction – WMS
The recorded move for WMS in the trading session of this news was -1.06%.
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"ADS is thrilled to make this significant investment in
This ADS investment will bring:
- 117,000 total square feet of advanced plastic handling and processing capabilities
- Streamlined testing with an onsite laboratory
- Provide high-quality recycled plastic material to nearby ADS manufacturing sites
- As many as 50 new jobs
ADS is one of the largest plastic recycling companies in
"For over 20 years, the dedicated ADS Recycling employees in
The development of the ADS Recycling facility was made possible through the support and partnership of the
About the Company
Advanced Drainage Systems is a leading manufacturer of innovative stormwater and on-site septic wastewater solutions that manages the world's most precious resource: water. ADS and its subsidiary, Infiltrator Water Technologies, provide superior stormwater drainage and on-site septic wastewater products used in a wide variety of markets and applications including commercial, residential, infrastructure and agriculture, while delivering unparalleled customer service. ADS manages the industry's largest company-owned fleet, an expansive sales team, and a vast manufacturing network of approximately 70 manufacturing plants and 40 distribution centers. The Company is one of the largest plastic recycling companies in
Media Contact:
Heather Schreiber
Director of Marketing
Advanced Drainage Systems, Inc.
Heather.Schreiber@adspipe.com
Phone: 614-216-3757
Investor Relations:
Michael Higgins
VP, Corporate Strategy & Investor Relations
Advanced Drainage Systems, Inc.
Michael.Higgins@adspipe.com
Phone: 614-658-0050
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SOURCE Advanced Drainage Systems, Inc.
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