Tri Star Metals has finalized a deal to purchase the 100,000 sf building adjacent to our 200,000 sf manufacturing facility, bringing us to 300K sq ft under roof in Freeport, IL. We have also purchased 7 more acres of property to support continued expansion. All material storage and shipping will shift to the new building, opening up room in our existing manufacturing facility to install additional production equipment.
We will continue to invest in state of the art production technologies to enhance our capabilities / product quality, reduce our lead times, and develop a world class cost structure. In 2019, we are scheduled to install various new draw lines, shot blasting and pickling capabilities. We are currently commissioning our new batch anneal furnace. This AMS 2750 certified furnace will be fully operational by the end of January 2019.