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Climax Portable Machine Tools Expands Facilities

Maritime Activity Reports, Inc.

August 15, 2007

Climax Portable Machine Tools, Inc., announced the expansion of its two headquarter facilities in Oregon and Düren, Germany. At its worldwide headquarters in Newberg, the company broke ground on an expanded facility that will house assembly and rental equipment operations as well as double its training capacity. Climax also announced the official opening of its new European headquarters facility in Germany, where building and construction began last year.

To commemorate this significant global expansion, Geoff Gilmore, president and CEO of Climax Portable Machine Tools, Inc., Congressman David Wu (D-OR), and Tom Fox, business development officer for the Oregon Economic Development Department, held a groundbreaking ceremony for the new 14,000-sq.ft. facility, which will be built adjacent to its headquarters in Newberg, Oregon.

The newest expansion at the Newberg facility will enable Climax to streamline assembly workflows and shipment of their machine tools that will create a state-of-the-art lean manufacturing operation. The facility also positions Climax as a competitive resource for customers seeking valve repair machines, boring machines, flange facers, lathes and mills and other specialized maintenance and repair solutions in the power generation, shipbuilding, heavy construction, mining, and civil engineering industries.

With additional training facilities, the Climax Portable Machining Training Institute will also offer expanded educational programs and hands-on workshops to help its customers offset the threats of a declining workforce of skilled machinists. Of particular benefit to Oregon, the expansion will also allow Climax to hire an additional 30 new employees who will engineer and manufacture Climax’s portable machine tools for customers in North American, Asian and European power generation, shipbuilding and heavy construction industries. Climax has also announced the official opening of its European Headquarters in Düren, Germany. The facility features both office and manufacturing space including a machine tools showroom, expanded manufacturing and assembly operations. With this facility, Climax enhances its capabilities to help nuclear plant managers develop procedures to optimize power generation efficiencies and to perform critical repairs necessary for operating license renewal. The facility also allows Climax to increase support to the European heavy construction and mining industries by providing on-site machining solutions, which will allow them to reduce downtime of in-field equipment.

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