BOSTON and TORONTO, Sep 30, 1999 (BUSINESS WIRE) -- Kafus Industries
Ltd. (AMEX:KS) and The CanFibre Group Ltd. (Canadian Dealing
Network:CFGL) are pleased to announce that CanFibre's Riverside MDF facility
has now successfully produced its first run of premium AllGreen(TM) MDF
of sufficient high standard to wear the AllGreen(TM) label. Although the
facility has been producing starter and shop grade MDF since late May
of this year, this marks the first time that CanFibre's Riverside plant
has consistently produced a premium
industrial grade MDF.
CanFibre's AllGreen(TM) MDF is unique because it combines superior properties
over standard industrial grade MDF with the additional features of zero
incremental formaldehyde emissions, superior moisture resistance and the
distinct "green" market advantages of being made from 100% recovered wood
fibre.
The following are AllGreen(TM) MDF's average properties obtained from
tests on recent Riverside AllGreen(TM) production compared with the average
test results on the properties of competitive MDF currently distributed
in the U.S.A.
AllGreen(TM) Average Competitive
Properties
Internal Bond (PSI) 156 120
Modulus Rupture (PSI) 4,882 4,325
Modulus of Elasticity (PSI) 587,500 332,000
Screwhold - Edge (PSI) 442 286
Screwhold - Face (PSI) 354 257
Thickness Swell (%) 6.5 9.9
CanFibre expects to begin commercial shipment of AllGreen(TM)
standard MDF within the next 10 days. CanFibre also expects to begin shipping
AllGreen(TM) MR (moisture resistant) during the same period. AllGreen(TM)
FR (fire resistant) should begin shipment in late October.
In other news, construction of CanFibre's second MDF facility in Lackawanna
is proceeding well as construction nears the halfway point of its 18-month
schedule. The main building is fully erected with the press equipment
already in the process of being installed. Lackawanna is a "sister" facility
to Riverside and has incorporated numerous small advancements which should
result in an even faster completion and ramp-up period than Riverside.
First board is anticipated for mid-2000. The plant manager, Kurt Williams,
is now on site and has begun forming a second strong management team to
complement the team in Riverside.
An emerging global manufacturer of superior materials produced from sustainable
resources.
The foregoing contains forward-looking statements, which are subject to
contingencies and uncertainties. Such forward looking statements are
not guarantees of future performance, and are based on numerous assumptions
about future conditions that could prove to be inaccurate including without
limitation, the ability to produce the same MDF test results under commercial
production conditions. Actual events,
transactions, and results may differ materially from anticipated events,
transactions or results described in such statements. Material uncertainties
about the future of the company exist. Kafus is subject to a number of
risks and uncertainties, which are set forth in its filings, with the
Securities Exchange Commission. |
