Lennox to Increase Growth With New Manufacturing Facility
DALLAS, Jan. 31 /PRNewswire/ -- Lennox International Inc. (NYSE: LII) announced today it will open a new production facility to keep pace with growth in the North American residential heating and cooling market and increase its manufacturing flexibility and capacity.
The new operation will be a 300,000-square-foot state-of-the-art facility in Orangeburg, South Carolina. It is scheduled for completion by the end of the year. Residential heating and air conditioning products will be manufactured at the new site to meet increasing demand for the company's North American residential products, which has seen recent double-digit growth. The new facility will initially employ about 150 people and produce gas furnaces, air conditioners, and heat pumps.
"This is a very exciting development for Lennox," said John Norris, Lennox chairman and CEO. "Our companies currently have a strong operations presence in the Midwest. With this new facility, we will leverage additional manufacturing capabilities closer to the large Southern markets where we are projecting significant future growth."
Norris said the new facility will be established based on "Lean Enterprise" principles, focusing on satisfying customer needs by eliminating waste through continuous improvement processes. Leading the initiatives for the new facility will be Mike Schwartz, President and COO of Armstrong Air Conditioning Inc. and Excel Comfort Systems Inc.
Selling heating, ventilation, air conditioning, and refrigeration equipment in over 70 countries worldwide, Lennox International Inc. is one of the world's leading companies specializing in climate control solutions. It is the parent company of Lennox Industries Inc., Armstrong Air Conditioning Inc., Heatcraft Inc., and Lennox Global Ltd. Lennox International stock is traded on the New York Stock Exchange under the symbol "LII." Additional information about Lennox International is available at www.lennoxinternational.com or by contacting Lennox International Communications and Public Relations at 972-497-5258.
This news release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. These statements are
subject to numerous risks and uncertainties that could cause actual results to
differ materially from such statements. For information concerning these
risks and uncertainties, see Lennox' publicly available filings with the
Securities and Exchange Commission. Lennox disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of the new information, future events or otherwise.
SOURCE Lennox International Inc.
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CONTACT: Communications and Public Relations of Lennox International Inc., 972-497-5258