Tim Machelski Appointed Executive
Vice President of Elk Composite Building Products, Inc.
DALLAS--(BUSINESS WIRE)--Jan. 31, 2005--ElkCorp (NYSE:ELK) is
pleased to announce that effective immediately Tim Machelski has
been appointed Executive Vice President of its subsidiary company
Elk Composite Building Products, Inc. Since February 2002, Mr.
Machelski has served as Vice President and General Manager of
the Elk roofing facility in Myerstown, Pa. Under Mr. Machelski's
leadership, this facility became one of the most successful start-ups
in the company's history and since that time has maintained an
exceptional track record for profitability, process improvement,
cost control and quality. In addition to his role as Executive
Vice President, Mr. Machelski will continue to oversee operations
at the Myerstown facility for a period of time.
In his new position, Mr. Machelski will be responsible for the
start-up of the expanded facility in Lenexa, Kan., providing the
vision and expertise to further expand Elk's presence in the composite
lumber market. The company has made many significant achievements
in the composite lumber platform and recently began production
in its expanded facility. Elk anticipates this new facility will
bring the composite lumber business to a sales run rate of $80
to $100 million by the end of its fiscal year in June 2005, making
it the company's second largest product platform. Elk Composites
believes that the combination of its strong product offerings
with Mr. Machelski's proven leadership and management capabilities
will take Elk and its composite lumber product platform to the
The promotion of Tim Machelski further solidifies our commitment
to developing the composite lumber business into a major product
platform in the Elk family of building products," said Thomas
Karol, chairman and chief executive officer of ElkCorp. "We
have an exceptional product and an outstanding team in place that
will assist us in taking advantage of the substantial growth opportunities
available in this market, and emerge as a leader in the wood plastic
Mr. Machelski earned a Bachelor of Science in Chemical Engineering
from Virginia Polytechnic Institute and State University (VPI).
VPI and a Masters of Business Administration from Loyola College.
He is also a licensed Professional Engineer in Maryland.
ElkCorp, through its subsidiaries, manufactures Elk brand premium
roofing and building products (over 90% of consolidated revenue)
and provides technologically advanced products and services to
other industries. Each of ElkCorp's principal operating subsidiaries
is a leader within its particular market. Its common stock is
listed on the New York Stock Exchange (NYSE:ELK). See www.elkcorp.com
for more information.
Safe Harbor Provisions
In accordance with the safe harbor provisions of the securities
law regarding forward-looking statements, in addition to the historical
information contained herein, the above discussion contains forward-looking
statements that involve risks and uncertainties. The statements
that are not historical facts are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements usually are accompanied by words such as
"optimistic," "vision," "outlook,"
"believe," "estimate," "potential,"
"forecast," "project," "expect,"
"anticipate," "plan," "predict,"
"could," "should," "may," "likely,"
or similar words that convey the uncertainty of future events
or outcomes. These statements are based on judgments the company
believes are reasonable; however, ElkCorp's actual results could
differ materially from those discussed here. Factors that could
cause or contribute to such differences could include, but are
not limited to, changes in demand, prices, raw material costs,
transportation costs, changes in economic conditions of the various
markets the company serves, changes in the amount and severity
of inclement weather, acts of God, war or terrorism, as well as
the other risks detailed herein, and in the company's reports
filed with the Securities and Exchange Commission, including but
not limited to, its Form 10-K for the fiscal year ending June
30, 2004 and Form 10-Q for the quarter ended Sept. 30, 2004.