- Wabash National Corp WNC expands the manufacturing capacity of EcoNex Technology to address customer demand and equipment challenges that refrigerated carriers have faced for years.
- Wabash will invest an additional $20 million in the expansion at its 53-acre site in Little Falls, Minnesota, and create more than 200 new jobs by the end of 2023.
- EcoNex is Wabash's proprietary, next-generation molded structural composite that utilizes environmentally conscious materials to reduce greenhouse gas emissions and dependency on non-renewable energy.
- Wabash claims that EcoNex significantly reduces corrosion and increases asset life since it has a higher thermal capability while being lighter in weight.
- Price Action: WNC shares are trading higher by 2.49% at $18.33 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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