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NEXE ANNOUNCES ACQUISITION OF WINDSOR PROPERTY
NEXE ANNOUNCES ACQUISITION OF WINDSOR PROPERTY Canada NewsWire VANCOU...
About this update from Nexe Innovations Inc
[{"type":"text","content":"\n \n \n \n NEXE ANNOUNCES ACQUISITION OF WINDSOR PROPERTY\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Jan. 27, 2022\n \n /CNW/ -\n \n NEXE Innovations Inc.\n \n (\"\n \n NEXE\n \n \" or the \"\n \n Company\n \n \"), (TSXV: NEXE) (OTC Markets: NEXNF) (Frankfurt: NX5), a leader in plant-based materials manufacturing, is pleased to announce that it has completed the acquisition of a 54,000 square foot industrial facility strategically located in\n \n Windsor, Ontario\n \n (the \"\n \n New Facility\n \n \"). With the acquisition of the New Facility, the Company is able to significantly expand its production capacity of its proprietary NEXE compostable packaging that not only includes coffee capsules but other form factors. In addition, the Company gains access to a workforce located in\n \n Windsor, Ontario\n \n , that is highly-skilled with deep experience with injection molding and other manufacturing skills required to support the Company's commercialization and growth plans.\n \n \n \n \n \n \n \n \n \n \n \"Acquiring a facility in\n \n Windsor\n \n enables NEXE to more easily access the talent needed to drive the Company's production and product innovation initiatives,\" said Ash Guglani, President of NEXE. \"\n \n Windsor\n \n is known for its expertise in manufacturing, automation and Injection Molding..  The\n \n Windsor\n \n region has more than 90 automobile and automobile parts manufacturers, including two OEMs – Fiat Chrysler Automobiles and Ford Motor Company of\n \n Canada\n \n , plus over 250 machine, tool, die and mold manufacturers, and more than 450 automation related firms.\n \n Windsor\n \n -\n \n Essex\n \n is also home to more than 1,000 manufacturers, responsible for\n \n $4.5 billion\n \n in annual GDP making up 30 percent of the region's total GDP, the largest sector by revenue in\n \n Windsor\n \n -\n \n Essex\n \n . Built on manufacturing but driven by innovation,\n \n Windsor\n \n -\n \n Essex\n \n boasts the largest cluster o...