Source: virtual-strategy.com
Hemp, Inc. (OTC:HEMP) has just ramped up the move of its decortication line of equipment, in North Carolina, after weeks of prepping. According to executives, the company purchased semi trucks, trailers, forklifts and all other necessary equipment needed to facilitate the move to the new plant.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=27389
Hemp, Inc.'s new decorticating plant is located just forty (40) miles east of Raleigh, North Carolina. The signing of the closing documents is scheduled for Tuesday, September 2, 2014.
According to Hemp, Inc. executives, the Temafa manufacturing team from Germany that was retained to reassemble the decortication line in its new facility is scheduled to arrive on Monday, September 8, 2014 and will remain on-site for approximately 60 days… until the decortication line is fully operational.
Edwards, Inc., a full-service industrial contractor serving the Southeastern part of the United States, has also been on site for the last 60 days assisting with the removal and transportation of the processing machinery.
David Schmitt, COO of Hemp, Inc.'s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC, said, "The move is way ahead of schedule and I anticipate it being in full production in the first quarter of 2015. I've contacted a number potential customers and there's a great amount of interest in the products we'll be manufacturing."
The Temafa decortication equipment is designed to separate the fiber from the core of the hemp plant through a process known as decortication, the first of this magnitude in the United States. The Temafa decortication line of equipment will now enable the company to process raw hemp for American farmers, when it becomes legal, into two valuable base products (fiber and hurd) that can both yield hundreds of products.
Bruce Perlowin, CEO of Hemp, Inc., (OTC:HEMP) said, "We will continue to process and sell the millions of pounds of kenaf we currently have on hand as we wait for North Carolina to follow South Carolina, Kentucky and other states' leads and change their laws on growing hemp. We are also working with another company, which plans to go public in the near future, which was looking for land to grow hemp once North Carolina changed its laws.
"In this case, to be able to generate income in one crop, while we wait for the laws to be changed and the farmers in North Carolina to grow enough hemp to supply our plant, is a perfect migration strategy for us to utilize as we promote the industrial hemp industry."
According to Bruce Perlowin, the purchase of decortication equipment was a critical step in order for Hemp, Inc. to help Americans transition from non-sustainable synthetic solutions to a hemp-based clean, green solution. "These are exciting times for us. Just imagine what we will be able to achieve once our manufacturing facility ramps its hemp production volume up over the next few years," said Perlowin, CEO of Hemp, Inc. (OTC:HEMP).
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