Trex Fire Will Have Minimal Business Impact

Composite decking manufacturer Trex Company, Inc. had an electrical fire at its Winchester, VA, facility recently, but no-one was injured and impact to its overall business will be minimal, says the company. Bryan Fairbanks, president and CEO of Trex, says that the first quarter will now be on the lower end of the guidance provided in February (at approximately $235 million) with production volume loss expected to be recovered during the second quarter. Damage to the building’s electrical systems is being addressed with repairs expected to run through the end of March. During this time, production will continue as normal at the company’s other manufacturing facilities in both Virginia and Nevada.