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Trading Update

19 May 2010 10:04

RNS Number : 1826M
Pan Pacific Aggregates PLC
19 May 2010
 

 

19 May 2010

 

 

 

Pan Pacific Aggregates plc

 

("PPA" or the "Group")

 

Trading Update

 

Pan Pacific Aggregates plc (AIM:PPA), the British Columbia based aggregates company, is pleased to provide the following trading update on the Group's operations.

 

Highlights

Quadling Quarry is already in cash flow

Demand for aggregates is increasing with further infrastructure spend

Robust local economy has led to increased development activity

New processing plant installation underway to meet increased demand and to expand product sales into the market with improved margins

 

PPA is currently experiencing a significant increase in enquiries, orders and sales from local Vancouver contractors to supply aggregates. This increase in demand is due to a perceived shortage of aggregates in the area as well as improved levels of development activity. The re-opening of the Quadling Quarry on 26 March 2010 leaves PPA in a strong position to supply interested parties with the desired aggregates product. Following the re-opening, the Group has experienced a substantial rise in demand, with up to 86 trucks a day collecting approximately 1,500 tonnes of aggregate from the quarry.

 

Currently, PPA is producing a limited range of non-specification aggregates to the market. The Group's new crusher processing plant is currently being installed and will be ready for production by the end of May 2010. Thereafter, the quarry will produce and sell a diversified range of specification product which will generate further sales with improved margins.

 

 

- Ends -

 

For further information:

Pan Pacific Aggregates plc

 

William Voaden, Managing Director

Tel: +44 (0) 20 7096 9580

 

 

 

Matrix Corporate Capital LLP

 

Louis Castro / Tim Graham

Tel: +44 (0) 20 3206 7000

 

 

 

VSA Capital Limited

 

Paul Backhouse

Tel: +44 (0) 20 7096 9589

 

Media enquiries:

Abchurch Communications Limited

 

Henry Harrison-Topham / Nick Probert

Tel: +44 (0) 20 7398 7702

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTLIFIAEFIALII
Date   Source Headline
9th May 20127:00 amRNSDirectorate Change
26th Apr 20127:00 amRNSPublication of April 2012 Newsletter
20th Apr 20127:00 amRNSRemortgaging of Quadling Quarry
13th Apr 20127:00 amRNSCompletion of BC Hydro Cable
22nd Mar 201211:42 amRNSHolding(s) in Company
21st Mar 201210:23 amRNSHolding(s) in Company
13th Mar 201212:28 pmRNSInvestment in Pan Pacific Agg. & award of options
13th Mar 20127:00 amRNSPlacing
6th Feb 20127:00 amRNSStandby Equity Distribution Agreement
26th Jan 201210:39 amRNSResult of General Meeting
26th Jan 20127:00 amRNSGeneral Meeting Statement
10th Jan 20122:49 pmRNSDirector Change and Share Consolidation
6th Jan 20124:08 pmRNSBusiness Update
15th Nov 20117:00 amRNSApproval re Cable Diversion at Quadling
11th Oct 20117:00 amRNSNewsletter Posted on Website
29th Sep 20117:00 amRNSHalf Yearly Report
19th Sep 20117:00 amRNSMajor Supply Contract Won
1st Sep 20117:00 amRNSDirectorate Change
11th Aug 201110:58 amRNSIssue of Equity
11th Aug 201110:56 amRNSResult of AGM and AGM Statement
2nd Aug 201110:57 amRNSNotice of Revised AGM Date
1st Aug 20113:05 pmRNSTotal Voting Rights
26th Jul 20117:00 amRNSNewsletter Posted on Website
19th Jul 20117:30 amRNSRestoration - Pan Pacific Aggregates plc
19th Jul 20117:29 amRNSIssue of Equity
19th Jul 20117:28 amRNSChange of Advisers
19th Jul 20117:27 amRNSFinal Results and Notice of AGM
4th Jul 20111:17 pmRNSTiming of Publication of Results
8th Jun 20117:00 amRNSResult of General Meeting
7th Jun 20119:30 amRNSChange of Directors' Roles and Update
23rd May 20112:05 pmRNSProposed CVA, Placing and Open Offer - Correction
20th May 20116:09 pmRNSProposed CVA, Placing and Open Offer
11th May 20117:00 amRNSCompany Restructuring and Rescue Plan
18th Apr 201112:35 pmRNSStatement re. Suspension
18th Apr 20117:00 amRNSUpdate on Reverse Takeover
17th Jan 20117:30 amRNSStatement regarding recent share price movement
9th Dec 20107:00 amRNSTrading Update
22nd Oct 20107:00 amRNSGrant of Share Options
22nd Oct 20107:00 amRNSGrant of Share Options
20th Oct 20107:00 amRNSShare Purchase
19th Oct 20107:09 amRNSPPA to Negotiate Agreement to Operate Shaw Pit
18th Oct 20107:00 amRNSTrading Update
24th Sep 20107:00 amRNSInterim Results
14th Sep 20107:00 amRNSAppointment of Joint Broker
16th Aug 20104:15 pmRNSDirectors Interest in Warrants
15th Jul 201012:51 pmRNSPlacing of Shares
1st Jun 20108:30 amRNSQuadling process plant commences operations
21st May 20101:00 pmRNSResult of AGM
19th May 201010:04 amRNSTrading Update
5th May 20106:06 pmRNSChange of Registered Office

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