Green Construction: PEI Worldwide Negotiating Nebraska Plant Deal
June 28, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — PEI Worldwide Holdings (OTC: PEIW), a developer of “green” construction materials, said it is in talks with a potential plant customer in the Lincoln, Nebraska area. During a meeting, PEI met with local businessmen, politicians, and residents interested in potentially bringing a plant to Nebraska for the company’s Thura-Block building product.
PEI said it is currently working with these representatives to discuss possible local funding as well as use of some local facilities to help bring the plant online. If successful, the company said that this plant would provide a delivery area with a radius of around 300 miles for Thura-Block products.
In addition PEI Worldwide Holdings plans to have a company-owned plant located and producing Thura-Block for Dallas, Austin, San Antonio and El Paso, by the end of 2010.
This facility will be owned by PEI Worldwide Holdings and serve as the supplier of Thura-Block to these four million plus cities as well as an R&D Headquarters for new products, and there are new products to be added to our construction line.
Texas-based PEI Worldwide is a construction product development company, offering insulating building block technology to the "green" building marketplace.
The company said that its high R value insulating building products will be one of the only LEED certified "green" products that can effectively compete with traditional building methods such as wood frame and concrete.
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