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Lakeland secures revolving line of credit with TD Bank
01 Jul '11
4 min read
Lakeland's Capital Expansion Plans:
Brazil: The Company is in the process of purchasing land immediately adjacent to its current facility, which will then be used for the construction of additional manufacturing facilities, perhaps in three phases over the next two years. The expected cost for the land is estimated at approximately USD$800,000 and construction is expected to cost approximately USD$1.2 million for total capital cost of approximately USD$2.0 million over a two-year period.
Mexico: The Company currently occupies leased facilities in the country. Lakeland is negotiating the purchase of the land and building from the landlord, which will be followed by the building of expanded facilities. The current land and building purchase is expected to cost approximately USD$1.3 million, with construction to cost approximately USD$700,000 over the next year for a total cost of approximately USD$2.0 million.
Argentina: Lakeland is currently in the process of identifying an appropriate manufacturing facility in Buenos Aires, which based on the search criteria, is estimated to cost approximately USD$1.0 million.
Lakeland Industries Inc manufactures and sells a comprehensive line of safety garments and accessories for the industrial protective clothing market. The Company's products are sold by a direct sales force and through independent sales representatives to a network of over 1,200 safety and mill supply distributors.
Brazil: The Company is in the process of purchasing land immediately adjacent to its current facility, which will then be used for the construction of additional manufacturing facilities, perhaps in three phases over the next two years. The expected cost for the land is estimated at approximately USD$800,000 and construction is expected to cost approximately USD$1.2 million for total capital cost of approximately USD$2.0 million over a two-year period.
Mexico: The Company currently occupies leased facilities in the country. Lakeland is negotiating the purchase of the land and building from the landlord, which will be followed by the building of expanded facilities. The current land and building purchase is expected to cost approximately USD$1.3 million, with construction to cost approximately USD$700,000 over the next year for a total cost of approximately USD$2.0 million.
Argentina: Lakeland is currently in the process of identifying an appropriate manufacturing facility in Buenos Aires, which based on the search criteria, is estimated to cost approximately USD$1.0 million.
Lakeland Industries Inc manufactures and sells a comprehensive line of safety garments and accessories for the industrial protective clothing market. The Company's products are sold by a direct sales force and through independent sales representatives to a network of over 1,200 safety and mill supply distributors.
Lakeland Industries Inc
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