Exco Technologies Limited announces Greenfield Castool facility in Thailand

 Exco Technologies Limited announces Greenfield Castool facility in Thailand

PR Newswire

TORONTO, Jan. 30, 2013

TORONTO, Jan. 30, 2013 /PRNewswire/ - Exco Technologies Limited (TSX-XTC)
today announced that its Castool business will establish a machining facility
in Thailand. The facility will be approximately 20,000 square feet and the
total investment, which will be made during the next year, is expected to be
approximately $5 million. This will enable Castool to better serve its fast
growing market share in this sizable and competitive Asian market for
consumable components from a proximate and cost effective location.

Exco Technologies  Limited is  a global  supplier of  innovative  technologies 
servicing the die-cast, extrusion and  automotive industries. Through our  11 
strategic locations, we employ  2,216 people and service  a diverse and  broad 
customer base.

This news  release contains  forward-looking information  and  forward-looking 
statements within the meaning of applicable securities laws. We use words such
as  "anticipate",  "plan",  "may",  "will",  "should",  "expect",   "believe", 
"estimate" and similar expressions to identify forward-looking information and
statements especially with respect to completion dates, investment amounts and
market penetration  in  the  Asian  market  for  consumable  components.  Such 
forward-looking information  and  statements  are  based  on  assumptions  and 
analyses made  by  us  in  light  of our  experience  and  our  perception  of 
historical trends,  current conditions  and expected  future developments,  as 
well as  other  factors we  believe  to be  relevant  and appropriate  in  the 
circumstances.  Readers  are  cautioned  not   to  place  undue  reliance   on 
forward-looking information and statements, as there can be no assurance  that 
the assumptions, plans, intentions or expectations upon which such  statements 
are based will occur. Forward-looking information and statements are  subject 
to known and unknown risks, uncertainties, assumptions and other factors which
may cause  actual  results,  performance  or  achievements  to  be  materially 
different from  any future  results,  performance or  achievements  expressed, 
implied or  anticipated  by such  information  and statements.  These  risks, 
uncertainties and  assumptionsare  described in  the  Company's  Management's 
Discussion and Analysis included in our 2012 Annual Report, in our 2012 Annual
Information Form and, from time to time, in other reports and filings made  by 
the Company with securities regulatory authorities.

While  the  Company   believes  that  the   expectations  expressed  by   such 
forward-looking information and  statements are  reasonable, there  can be  no 
assurance that such expectations and assumptions will prove to be correct. In
evaluating  forward-looking   information  and   statements,  readers   should 
carefully consider the  various factors  which could cause  actual results  or 
events to  differ  materially  from those  indicated  in  the  forward-looking 
information and statements. Readers are  cautioned that the foregoing list  of 
important factors is not exhaustive.  Furthermore, the Company disclaims  any 
obligations to update publicly or otherwise revise any such factors or any  of 
the forward-looking  information or  statements  contained herein  to  reflect 
subsequent information, events  or developments,  changes in  risk factors  or 
otherwise.

SOURCE Exco Technologies Limited

Contact:

Source:Exco Technologies Limited (TSX-XTC)
Contact:Paul Riganelli, Vice-President, Finance and Chief Financial Officer
Telephone:(905) 477-3065 Ext 7228
Website:http://www.excocorp.com
 
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