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AGM Trading Update

27 Nov 2013 07:00

RNS Number : 0184U
Pure Wafer PLC
27 November 2013
 



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

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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