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The new 98,500 sq ft Magog, Canadian facility will have production lines for both rubber nuggets and buffings to fulfill $131 Million USD in new and existing orders. With the addition of this facility we will now be able to produce, on a large scale, ultra fine rubber powders, EPDM powders, EPDM compounds, thermoplastics, and thermoplastics elastomers to clients worldwide.
Magnum will accelerate its plan to produce ultra fine powders, and will now produce high performance compounds & processing aids both in Malaysia and in Canada at its existing Magog facility. These new additions will dramatically boost the return on investment for the products we produce. The profit margins associated with rubber powders and ancillary compounding will be significantly higher than producing conventional products like buffing and nuggets.
Being further up the value and performance chain also means it will lead to substantial increases in consumption and consequent revenue.
Today, Magnum is embarking on an aggressive campaign with the force of its global partner, Sekhar Research Innovations Sdn Bhd, to bring these process technologies to market in the U.S., Canada, and Worldwide. Magog is well known as a rubber and plastics epicentre that sits in the Estrie region and in the MRC Memphremagog. It benefits from an exceptional geographic location since it is situated on the Canadian-American border.
The location provides quick access to several markets, such as Quebec, Canada and the United States. The Interstate 91 leads directly into the states of Vermont and New Hampshire and is close to the states of Maine, Massachusetts and New York
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