Chart Industries: Dedicates facility expansion at its Brazed Aluminum Heat Exchanger HQ in La Crosse, WI

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Jim Fischman
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CLEVELAND, March 28, 2014 (GLOBE NEWSWIRE) — Sam Thomas, Chairman, CEO
and President of Chart Industries, Inc. (Nasdaq:GTLS), gathered with
company, state and local dignitaries, and more than 200 current and
former employees, at the ribbon cutting ceremony to formally dedicate
the expansion of Chart’s brazed aluminium heat exchanger (BAHX)
manufacturing plant in La Crosse, WI. The $50 million project increases
the manufacturing capacity for Chart’s proprietary heat exchangers by
40%, doubles the engineering space and includes an additional vacuum
brazing furnace, which is the largest of its type in the world.

“The capacity expansion is an integral part of Chart’s overall growth
strategy and is good news for our global customer base and the local
community,” commented Mike Durkin, President of Chart Energy &
Chemicals. “It furthers our ability to support our customers with
market leading delivery schedules, and creates jobs for semi-skilled,
skilled and graduate personnel.”

BAHX offer significant economic and efficiency advantages versus other
types of heat exchangers and are integral to cryogenic processing
plants around the world for the production and purification of
atmospheric gases, such as nitrogen and oxygen, the production of
important raw materials, such as ethylene and propylene, and the
processing and liquefaction of natural gas.

Chart’s La Crosse facility employs more than 500 people and has a rich
heritage boasting more than 60 years uninterrupted BAHX manufacturing
in the area with more than 10,000 units produced to date. A five year
union contract with Machinist Union LL2191 continues a proud 60 year
partnership with the IAMAW.

In addition to ISO 14001 accreditation, the recent acknowledgement of
La Crosse as a ‘Zero Landfill Plant’ puts it at the forefront of
manufacturing sites around the world for its environmental credentials.

Chart is a leading independent global manufacturer of highly engineered
equipment used in the production, storage and end-use of hydrocarbon
and industrial gases. The majority of Chart’s products are used
throughout the liquid gas supply chain for purification, liquefaction,
distribution, storage and end-use applications, the largest portion of
which are energy-related. Chart has domestic operations located across
the United States and an international presence in Asia, Australia and
Europe. For more information, visit: http://ir.chartindustries.com/