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24 Mar 2017 10:00
24 March 2017
Flowgroup plc
("Flow" or the "Company" or the "Group")
Update re Jabil
Flowgroup plc (AIM: FLOW), which provides a range of innovative energy technologies, energy supply and energy services, notes the announcement issued yesterday by its manufacturing partner, Jabil, concerning the future of manufacturing at the Jabil Livingston facility.
Flowgroup holds a manufacturing service agreement with Jabil, which is a global agreement and not tied to any one specific manufacturing location. Whilst the Livingston facility is now anticipated to close at the end of 2017 the Company continues to work with Jabil under the agreement to optimise the production of its microCHP boiler, which is focused on a full entry into the European market.
Flowgroup plc | www.flowgroup.uk.com | |
Tony Stiff, Group Chief Executive Officer | Tel: +44 (0)20 3137 4525 | |
Nigel Canham, Chief Financial Officer |
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Cenkos Securities plc (NOMAD and Broker) | Tel: +44 (0)20 7397 8900 | |
Stephen Keys/Callum Davidson (Corporate Finance) |
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Julian Morse (Sales) |
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Walbrook PR Ltd (Media Relations) | Tel: +44 (0)20 7933 8780 or flowgroup@walbrookpr.com | |
Paul McManus | Mob: +44 (0)7980 541 893 | |
Nick Rome | Mob: +44 (0)7748 325 236 | |
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