ARMSTRONG, Iowa, May 6, 2011 /PRNewswire/ -- Art's Way Manufacturing Co., Inc., (NASDAQ: ARTW) a leading manufacturer and distributor of farm machinery in the United States and internationally, announces it will be moving its top and bottom drive auger production from Salem, South Dakota to its newest facility in West Union, Iowa.
J. Ward McConnell Jr., Executive Chairman of the Board of Directors said, "This move is just one of the operational opportunities this facility provides us. It will allow for increased production of our auger line and better utilization of the 200,000, square foot facility we purchased in 2010. It will help us consolidate our material movement and allow us to ramp up staffing with the skilled workforce in the West Union area. While we regret leaving Salem, SD., we believe this will provide us an outstanding opportunity to better serve our customers, better control costs utilizing our more modern and updated production facilities and increase shareholder value."
About Art's Way Manufacturing, Inc.
Art's Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, round hay bailers, plows, hay and forage equipment, manure spreaders and top and bottom drive augers. After-market service parts are also an important part of the Company's business. The Company has two wholly owned subsidiaries. Art's Way Vessels, Inc. manufactures pressurized tanks and vessels; Art's Way Scientific, Inc. manufactures modular animal confinement buildings and modular laboratories.
Safe Harbor Statement
Some of the statements contained in this news release that are not purely historical statements discuss future expectations or state other forward-looking information related to financial results and business outlook for 2011. Those statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from those contemplated by the statements. The "forward-looking" information is based on management's current intent, belief, expectations, estimates and projections regarding our company and our industry. You should be aware that those statements only reflect our predictions. Actual events or results may differ substantially. Important factors that could cause our actual results to be materially different from the forward-looking statements are disclosed under the heading "Forward Looking Statements" in our annual report on Form 10-K for the year ended November 30, 2010 and our quarterly report on Form 10-Q for the quarter ended February 28, 2011. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The forward-looking statements in this release are made only as of the date hereof and we undertake no obligation to update publicly any forward-looking statement for any reason, even if new information becomes available or other events occur in the future.
SOURCE Art's Way Manufacturing Co., Inc.