Woah... Hold on a minute....28 Oct 2014 12:13
I am posting this as I was a bit surprised about the potential NEW facility in North America mentioned in the news of 28th October 2014. 'Planning is also at an advanced stage for a potential new production facility in North America. Details will be announced in the near future. ' I thought the moth balled site in Houston was going to be used. I'm not sure if it is now. Here is my time line of extracts from news mentioning America. More will follow in another post as have run out if characters.
30th November 2013 Preliminary results for the year ended 30 September 2013, extract
In the US
Our plant in Houston remains intact but will not become operational until demand from North America has reached a sufficient level. To this end, we are engaged in trials with several of the world's largest valve and oil and gas service companies for high volume parts. Lab testing was completed successfully on our first fracking tool application for a major oilfield services company and they intend to begin field trials with results expected early in 2014. These developments, as well as the appointment of a new US-based business manager are designed to bolster demand in North America to the point at which the plant can be re-opened. Sales in North America to new and existing customers rose by 17% to £0.7m (2012: £0.6m).
28th May Interim results - extracts
In North America our increased resource and efforts are also having good results.
and
Looking forward, an increase in UK plant capacity is being planned and detailed discussions and planning are underway regarding a resumption of production in the USA.
MOE FOLLOWS
regards
RRJ