Monday, September 09, 2013 2:01:11 PM
On April 9, 2013, HDI Plastics, Inc. ( “ HDIP ” ), a wholly-owned subsidiary of the Registrant announced it had commenced pro cessing operations at a leased facility located at 601 West Second Street, Taylor, Texas. Taylor is located near Austin, Texas. HDIP expects that it will gradually return to regular operations on a single shift and , provided that both the supply of material and demand for HDIP ’ s production exists, the Company expects to increase production levels over time. The Taylor facility consists of approximately 65,000 square feet of production and operations space and a pproximately 20,000 square feet of additional storage. The Registrant previously disclosed that on March 29, 2 012 it had ceased operations and closed its Austin, Texas production facility and was seeking to relocate its processing operations .
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