Atlas Engineered Products Ltd (CVE:AEP) (OTCMKTS:APEUF) announced Tuesday it is expanding its product offering on Vancouver Island to include pre-manufactured wall panels for the residential, multi-residential and commercial building industries.
Starting in the second half of June, the company said its subsidiary, Atlas Building Systems of Nanaimo, British Columbia, will introduce the pre-manufactured wall panels as part of its full product mix as it continues to penetrate new markets across Vancouver Island.
Custom designed and pre-manufactured wall panels can be used in small residential buildings, as well as large commercial projects such as retail centers, light industrial buildings, factories, and hotels, among others.
Pre-manufactured wall panels provide a cost-effective alternative to framing on-site. This product utilizes less labour on-site during installation while giving builders greater control of quality and integration of building components.
"The new machinery and sophisticated design software that we implemented last year has allowed us to offer our clients customized I-Joists, LVL options, open web floors, and now also pre-manufactured wall panels," said explained Atlas Engineered CEO Dirk Maritz.
"The expansion of our product line in BC has been extremely well received, contributing to significant revenue and market-share gains. We are extremely excited to be adding pre-manufactured wall panels to that product mix. Introduced by us in eastern and central Canada in 2019, we continue to see substantial interest for our wall panel technology.”
Hadi Abassi, the company’s executive vice president for business development, noted that the use of pre-manufactured wall panels will make it easier for its customers to continue their projects during the coronavirus (COVID-19) crisis.
“It is super fast and requires much less on-site labour in comparison to traditional stick framing, helping to address social distancing challenges at the construction site," Abassi said.
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