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Silverdale-based Radix Marine, Inc. recently announced that it has signed a lease and purchase agreement with AllMetal Works of Kingston to acquire the equipment necessary to set up its own manufacturing facility.
Under the agreement, AllMetal Works will supply Radix with all the equipment, from pneumatic tools to bending equipment, required for the manufacture of marine vessels. Radix Marine will own the equipment outright at the end of the one-year lease.
This announcement represents the companys first move to add in-house manufacturing capabilities to its operations. Presently, Radix Marine out sources all its manufacturing. |