Strategy14 May 2017 08:44
Specifically, the Board stated its intention to look to strengthen Hydrodec's footprint in the US and in the international transformer oil market, where the Board believes Hydrodec has a competitive advantage through its proven and market-leading technology.
Our focus has therefore been to grow the transformer oil business in order to drive margin expansion and profitability, with a rigorous focus on execution, making effective cost savings and delivering the ramp-up of production and sales in the US.
It was, therefore, an important year for Hydrodec as we continued to deliver on this strategy by further improving our rebuilt, expanded facility at Canton in Ohio, as we relaunched our US transformer oil business. As the business there continues to grow we will further seek to leverage this opportunity with our partner and deploy a further two trains at the appropriate time.