Last $0.60 USD
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As of 11:58 AM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

axion international holdings (AXIH) Snapshot

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12/16/13 - $1.43
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09/17/13 - $0.42
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axion international holdings (AXIH) Details

Axion International Holdings, Inc., a green technology company, provides solutions to plastics manufacturers and infrastructure needs in the United States and internationally. The company operates in two segments, Engineered Products and Reprocessed Plastics. The Engineered Products segment manufactures, markets, and sells composite rail ties under the ECOTRAX brand name; and structural building products, such as heavy-and light-equipment construction mats, boards, pilings, I-beams, and T-beams under the STRUXURE brand name. This segment markets its products to the railroad industry, the U.S. military, and industrial engineering and contracting firms. The Reprocessed Plastics segment procures, recycles, reprocesses, and sells waste materials comprising raw materials, such as polypropylene and polyethylene, as well as various engineering grades of plastic scrap into resin pellets to customers for use in a range of manufacturing industries, including automotive, packaging, and consumer products. Axion International Holdings, Inc. was founded in 2006 and is based in Zanesville, Ohio.

120 Employees
Last Reported Date: 04/10/14
Founded in 2006

axion international holdings (AXIH) Top Compensated Officers

Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $175.0K
Compensation as of Fiscal Year 2013.

axion international holdings (AXIH) Key Developments

Axion International Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Axion International Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported $4,054,054 in revenue, a 170% increase over revenues of $1,499,950 for the second quarter of 2013. Net loss was $20.4 million, as compared to net income of $3.5 million for the corresponding period of 2013. For six months, the company reported $8.9 million in revenues, a 173% increase from $3.3 million for the same period in 2013, of which $5.0 million was attributable to engineered products with the remainder attributable to reprocessed plastics sales. Net loss was $16.9 million against $3.4 million for the same period in 2013.

AXION International Holdings, Inc. Receives $471,000 in Purchase Orders for ECOTRAX 100% Recycled Composite Rail Ties from Major Australian Rail Networks

AXION International Holdings, Inc. announced that it has received its third purchase order totaling $471,000 for ECOTRAX rail ties to be shipped to Australia. The company's ECOTRAX rail ties are being installed throughout Australia on both mainline and specialty applications.

AXION International Holdings, Inc. Announces Move to Increase Production of ECOTRAX(r) and STRUXURE(r) Products

AXION International Holdings, Inc. announced a move to increase production of ECOTRAX(r) and STRUXURE(r) products to meet growing demand, and realign the company's operational and management team to better focus on its core activities, definitive strategy and drive long-term growth. AXION has announced that it will immediately begin converting extrusion equipment in its Zanesville, OH facility now used for reprocessing plastic waste so that such equipment can be used to produce engineered products such as rail ties and industrial mats. The Zanesville facility will continue to sort, grind, and wash post-consumer and post-industrial plastics and plastic composites, though the output will now be primarily for AXION's proprietary engineered products. The realignment will require modifications and upgrades to existing equipment and the addition of mat fabrication capability to support the production of the Company's engineered products. The execution of the strategy to vertically integrate reprocessing with product manufacturing is now being accelerated to enable AXION to increase its manufacturing capacity and earn a higher gross margin on its product sales. AXION will remain a significant and increasing purchaser of recycled plastic waste and continue its marketing and manufacturing of customized reprocessed plastics from which higher gross margins can be realized.


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