Lakeland Shares Rise On Boosted Capacity Driven By Ebola
Shares of Lakeland Industries Inc. rallied in the extended session Wednesday after the hazmat-suit maker said it dramatically increased manufacturing capacity in the wake of the Ebola crisis. "Monthly production capacity for sealed seam ChemMAX and MicroMAX protective suit lines has increased by nearly 50% from August 2014, prior to Ebola-related product demand, to October 2014, and is on track for a 100% increase from that level by January 2015, with the ability for additional increases as needed," Lakeland said in a statement. Lakeland shares rose 22% to $14.15 on moderate volume.
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