27 Nov 2013 07:00
PURE WAFER PLC
(AIM: PUR)
AGM Trading Update
27 November 2013
Pure Wafer plc ("Pure Wafer" or "the Company"), one of the leading global providers of high quality silicon wafer reclaim services to many of the world's largest semiconductor manufacturers and foundries as an integral part of their cost control programmes, will today hold its Annual General Meeting at 11am in Swansea. At the meeting, Chairman Stephen Boyd will announce the following Trading Update.
Trading Update
As previously announced, Pure Wafer's Board has agreed a programme for increasing 300mm wafer manufacturing capacity by up to 40 per cent. across both manufacturing sites in order to supplement the existing 300mm production lines and enable us meet continued and foreseeable demand.
We are pleased to announce that the majority of production equipment required for the increased capacity in Swansea, UK has been ordered and delivered with several key items already installed and currently in production. The remainder will be installed prior to the calendar year end and will be production-ready during January 2014.
The installation of the additional manufacturing equipment for Prescott, US will commence in January 2014 and become operational during the first half of 2014.
Trading continues to be strong and in line with market expectations.
Enquiries: | |
Pure Wafer Plc | www.purewafer.com |
Peter Harrington, Chief Executive Officer Richard Howells, Chief Financial Officer | +44 (0) 1792 311 200 |
WH Ireland Limited | www.wh-ireland.co.uk |
JN Wakefield | +44 (0) 117 945 3470 |
Winningtons Financial PR Limited | www.winningtons.co.uk |
Paul Vann / Tom Cooper | +44 (0)20 3176 4722 |
+44 (0)7768 807 631 | |
paul.vann@winningtons.co.uk |