The group announced it has raised £2.5m via a placing in order to expand capacity at its US facility, introduce process enhancements ahead of expected aerospace orders and continue with its marketing programme. Overall, trading is in line with expectations. The group is seeing a pick up in activity from its oil & gas customers as well as new business gains in the precision engineering and oil & gas sectors. The US facility is operating well and is expected to reach the capacity of its two existi ....
27 Oct 2017
Placing announced and trading update
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Placing announced and trading update
Hardide plc (HDD:LON) | 6.2 0 0.0% | Mkt Cap: 4.90m
- Published:
27 Oct 2017 -
Author:
David Buxton -
Pages:
12
The group announced it has raised £2.5m via a placing in order to expand capacity at its US facility, introduce process enhancements ahead of expected aerospace orders and continue with its marketing programme. Overall, trading is in line with expectations. The group is seeing a pick up in activity from its oil & gas customers as well as new business gains in the precision engineering and oil & gas sectors. The US facility is operating well and is expected to reach the capacity of its two existi ....