Adm Energy Regulatory News (ADME)

14 Jul 2008 10:55



Pan Pacific Aggregates PLC

14 July 2008

Pan Pacific Aggregates PLC (PPA) Signs Off Record Sales at Pumptown in First Month

PPA is pleased to report record sales for its Abbotsford based new acquisition Pumptown Quarry Inc (PTQ) for the month of June, 2008. PTQ sold over 28,000 tonnes of quarried aggregate product during the month. 

Since its acquisition by PPA at the beginning of June, sales at PTQ have increased by 70% over the previous month. Sales at the quarry have increased more than 200% in the past 12 months, with the strongest growth being experienced in the past three months. This growth can be attributed to a focused and controlled management approach to sales and development of this asset.

Chairman Don Nicholson and Chief Executive Officer William Voaden commented: "We recognised a strong growth opportunity with this company and these numbers support that. We believe that this is just the start. Our intent is to build this division to its full potential and to continue aggressively to seek out large construction gravel supply contracts." PPA has been working with the Ministry of Mines this past week to ensure continued compliance while increasing the development of the Pumptown Quarry.

Enquires:

Pan Pacific Aggregates PLC

William Voaden Tel: 020 7096 9580

Hanson Westhouse Limited

Bill Staple / Harry Barraclough Tel: 020 7601 6100

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