6.3 EDSR 10-17-2016 - Laserfiche WebLink

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in our effort to continue our company growth, Apex is proposiing the addition of the following equipment; an INO automatic print, dry, and stacking production, line for the purpose of increasing our print production capacity as well as the efficiency of our printing operations. This line will also provide us the additional needed capacity for the introduction a new product that we have developed which is more efficient process of manufacturing multi -color heat transfers. The Adelco dryer is for increasing throughput of our existing printing presses, the Uni-Kate screen coater is for improving product consistency by mechanizing our screen coating process. This is not a labor saving device it is strictly for quality control. The new wash out booth is in increase our capacity for processing and recliaiming screens. The maxipress shuttle heat press is to increase our production capacity for custom printed fabrics for our custom applique part of our business. Apex's present facility is currently a leased space in Ramsey, MN consisting of 4,50O sq. ft. of production space, 3,000 sq. ft. of office and 1,500 sq. ft. of storage. There is no room, to expand within the building at our current location,. We have explored existing buildings but have found that what is available has been either too small, too large or by the time we remodel to accommodate our requirements are not a, cost effective alternative. This is why we are pursuing the option of a new construction project. We have considered many sites throughout the NW Metro, and have decided to locate in Elk River due to the availability of a variety of incentives and funding options that are crucial to support our continued growth, sustainabiility and success.