CRAiLAR Technologies, Inc. (CL) to Begin Construction on Full-Scale Manufacturing Facility

CRAiLAR Technologies confirmed that it will begin construction on its first full-scale manufacturing facility for CRAiLAR Flax Fiber on December 17, 2012. Production of its sustainable, performance-driven flax fiber is expected to keep the same timeframe as originally stated at the new Pamplico, South Carolina, facility. Currently, it is supplying the product to HanesBrands, Target, Georgia-Pacific, and others. The October investor update call also outlined new development activities with global leaders in sportswear and home furnishings, two previously untapped categories for Crailar Technologies.

“We are pleased to be on schedule with the timeline we put forth in October, and thrilled to turn the power on and move into production before the end of the year,” said Ken Barker, CEO of Crailar Technologies. “This milestone will put us on course for significant developments for CRAiLAR Flax Fiber and its global brand partners in 2013.”

CRAiLAR plans to begin output at 150,000 lbs. per week in January, increasing to 300,000 pounds per week in February, and then to level off in the short-term at 450,000 pounds per week. By the end of 2013, it plans to commission expanded production capacity at the facility of 600,000 lbs. per week. CRAiLAR intends to achieve a total production capacity of more than one million pounds of CRAiLAR Flax Fiber per week by year-end 2013.

CRAiLAR® Technologies, previously Naturally Advanced Technologies, offers cost-effective and environmentally sustainable natural fiber in the form of flax, hemp, and other best fibers for use in textile, industrial, energy, medical, and composite material applications. The company was founded in 1998 as a provider of environmentally friendly, socially responsible clothing. CRAiLAR Flax is the newest natural fiber introduction to the market and is produced using a fraction of water and chemical inputs compared with other natural fibers.

For more information, visit www.crailar.com

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