Trex Company rang the Opening Bell at the New York Stock Exchange October 20 to commemorate the 30th anniversary of its founding. Four executives from Mobil’s Composite Products Division established the manufacturer of wood-alternative decking and railing in 1996, developing composite decking from recycled plastic film and industrial wood scrap.

“Ringing the Opening Bell is a special way to recognize the people, partnerships and culture of innovation that have shaped Trex over the past 30 years,” says Adam Zambanini, president and chief executive officer of Trex Company. “Our founders challenged the status quo by creating a better alternative to wood and that entrepreneurial spirit continues to define us. As we celebrate this milestone, we’re also looking ahead to an exciting new chapter and our opportunity to become the defining brand in outdoor living.”

Trex debuted on the NYSE in 1999 and now employs nearly 2,000 people worldwide, operating manufacturing facilities in Virginia, Nevada and Arkansas and distributing products through more than 6,700 retail locations across six continents. The company has transformed more than 6.4bn pounds of plastic film into deck boards.

The company outlined plans to grow annual revenue to $2bn by 2030. “We’ve spent 30 years earning the trust of homeowners, contractors and channel partners by consistently delivering innovation and performance,” Zambanini notes. “We’re proud of what we’ve accomplished but we’re even more excited about what comes next.”