Strix has announced that the opening ceremony for its new factory within Zengcheng district in Guangzhou, China took place on the 27th August. The facility is now fully operational, doubling the Group’s manufacturing capacity. The new site underpins Strix’s stated strategy of doubling revenues by FY25. The operational and efficiency benefits it brings will allow for further in-sourcing of production and will have a positive impact on margins over the next few years. These have been incorporated ....
31 Aug 2021
Strix Group (KETL LN) - New factory complete and fully operational
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Strix Group (KETL LN) - New factory complete and fully operational
Strix Group PLC (KETL:LON) | 76.0 0.4 0.7% | Mkt Cap: 166.1m
- Published:
31 Aug 2021 -
Author:
Andy Hanson -
Pages:
3
Strix has announced that the opening ceremony for its new factory within Zengcheng district in Guangzhou, China took place on the 27th August. The facility is now fully operational, doubling the Group’s manufacturing capacity. The new site underpins Strix’s stated strategy of doubling revenues by FY25. The operational and efficiency benefits it brings will allow for further in-sourcing of production and will have a positive impact on margins over the next few years. These have been incorporated ....