Media Release DMI INDUSTRIES ACQUIRES ONTARIO MANUFACTURING PLANT
Expansion Positions Company To Meet Growing Demand
in Canada, Northern United States
West Fargo, N.D. (Oct. 17, 2005) - DMI Industries, West Fargo, N.D., announced today that it has expanded its heavy steel wind tower fabrication operations into Canada with the purchase of a manufacturing plant in Fort Erie, Ontario. The addition of the Canadian facility positions DMI to better serve wind energy customers in Canada and the northern tier of the United States.
“We are continuously striving to improve so we can better meet our customers’ needs,” said Lars Moller, DMI president. “There is strong support for wind energy development from the governments of both Canada and Ontario, and demand for wind towers is growing proportionately. This expansion allows us to meet that demand while lowering the cost of delivery to site for our customers.” ” said Fort Erie Mayor Wayne Redekop “.
DMI’s Fort Erie facility, the first wind tower plant in Ontario, will have an initial capacity of 400 to 500 tower sections each year.
"This investment is great news for Fort Erie, the surrounding Niagara Regions, and all of Ontario," said Ontario Minister of Economic Development and Trade Joe Cordiano. "We are creating a brand new industry in the province, and the interest shown by companies such as DMI Industries demonstates our potential for developing a strong renewabel energy sector."
DMI has purchased and will modernize an existing manufacturing facility in Fort Erie with state-of-the-art wind tower fabrication equipment. Construction is set to begin in late 2005, with deliveries from the plant starting in the summer of 2006. DMI´s West Fargo facility will contiue to serve as the company´s corporate headquarters. "DMI has made a superior site location decision because of our strategic location in Ontario, proximity to the U.S. border and accessibility to the finest direct transportation routes," said Fort Erie Mayor Redekop. "We welcome DMI to a community that will work with the company to make it successful."
The Fort Erie plant will employ close to 100 people in the first year, with positive potential for expansion.
DMI plans to hire employees locally, including general management, supervisory, human resources and accounting personnel, as well as welding and steel forming technicians. Wages will be competitive and vary depending on skill sets. DMI is a diversified manufacturer of products for a wide variety of industries, including wind energy; agricultural processing; ethanol production; heavy machinery manufacturing; oil and gas extraction, processing and refining; and water and waste water processing. For more information, visit www.dmiindustries.com.
DMI Industries is an operating company of Otter Tail Corporation (NASDAQ: OTTR). Otter Tail Corporation has interests in diversified operations that include an electric utility, plastics, manufacturing, health services, food ingredient processing and other businesses. Corporate offices are located in Fergus Falls, Minn., and Fargo, N.D. The latest investor and other information is available at www.ottertail.com.
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