ZANESVILLE, Ohio, Feb. 11, 2015 /PRNewswire/ — AXION International Holdings, Inc. (OTCQB:AXIH), a leader in recycled polymer technologies used to produce ECOTRAX® composite rail ties/sleepers and STRUXURE® composite building products is pleased to announce today that its distributor Alcoa Fastening System and Rings (AFSR) has secured a 3-year $8 million contract to supply various sizes of ECOTRAX® ties to KiwiRail, New Zealand’s largest rail transport operator.
The contract specifies ECOTRAX® ties for mainline track as well as specialty ties for road crossings, bridges, and turnouts through AFSR Melbourne Industrial Fasteners Operations.
AXION Global Sales Manager, Cory Burdick stated, “This is a major announcement as we have been working with KiwiRail on several projects in which they have tested and placed small purchase orders for our ECOTRAX® rail ties through our distributor AFSR. This sizeable contract demonstrates our proven competitiveness in the market and also the superiority of our 100%-recycled products as they have the ability to withstand harsh environments and, in fact, have excelled in areas where the environment tends to degrade traditional wooden ties. New Zealand is facing growing concerns for replacing wood ties as they reach the end of their useful life prematurely due to rot, erosions, and other factors. We have been able to address that successfully and economically.”(…)
