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LONDON (Alliance News) - Hardide PLC said Monday that it is investing in the US market due to strong demand from oil and gas customers and has appointed Mark Hanania as business development engineer to help drive growth throughout the country.
Shares in the surface coating technology developer were trading 5.4% higher at 1.95 pence each on Monday morning.
The company also said that it will install a third coating reactor by the fourth quarter of 2018 to accommodate increased demand, in Virginia US.
"We are expanding our capacity in the USA with investment in people, equipment and technology supported by the highest, aerospace quality standards," Chief Executive Officer Philip Kirkham said.
The company's coating are a replacement for hard chrome and cadmium plating, chemically formed ceramics and HVOF tungsten carbides, and can be applied to "a wide range of metallic substrates", the company explains on its website.
