Corporate Activity RNS19 Feb 2024 13:02
There are updates related to Bridgend, Patent and Engsolve. Below is the Technology Centre update.
The Technology Centre, Bridgend:
Excellent progress has continued to be made on the Company's Technology Centre and now head office, located in Bridgend, Wales, with all general building work completed and both the PHE and Engsolve teams now located in the centre.
However, as reported last year, one of the Company's suppliers, Mitchel Dryers, entered liquidation, before they delivered any equipment and PHE continue to pursue the equipment via the liquidator. However, due to undefined timescales to date from the Liquidator; PHE has now placed orders for an alternative kiln, a new gas clean-up system and the required balance of plant which allows the Engsolve team to complete the works on PHE's behalf. PHE is now targeting early Q4 2024 for the installation of the equipment at the Company's technology centre, but will continue to work on reducing this timeline.
The Company also shortly expects to move the test kiln from Cheshire into this building.