Jun 25 2014
AXION International Holdings, Inc., a leader in recycled plastic and plastic composite technologies used to produce ECOTRAX® rail ties/sleepers and STRUXURE® building products, and a vertically integrated re-processor and supplier of recycled plastic, today announced that it has received a new purchase order of $890,000 for ECOTRAX® rail ties to be shipped to a large multi-national industrial company.
The purchase order for ECOTRAX® standard size rail ties and switch ties will be installed on a self-managed rail siding. AXION is set to ship over 50 sea containers to international customers in the 2nd and 3rd quarter of this year.
"We are very excited to add another client to our growing portfolio of customers as we continue to develop a very solid and growing pipeline," said Steve Silverman, President and CEO of AXION. "We continue to focus our sales and marketing resources against opportunities where we solve problems and deliver a solid return on investment for our customers. We anticipate continued growth internationally and domestically for the remainder of this year. We have been working on some of these projects for 2-3 years and it is exciting to see them close as scheduled."
ECOTRAX® ties have proven to be resilient and impervious to climate changes, offering proven durability, longevity, and lifecycle cost saving over traditional ties while providing environmental benefits and meeting and exceeding all industry standards and specifications. ECOTRAX® ties are a viable solution for replacing wood ties, as needed, and are impermeable to rot and insect damage and reduce the harvesting of trees.
AXION currently sells its ECOTRAX® rail ties/sleepers to multiple domestic and international transit and freight railroads including a domestic class 1 contract and a trial with a second class 1.