1 May 2018 07:00
1 May 2018
RM2 International S.A.
Manufacturing operations update
RM2 International S.A. ("RM2" or the "Company"), the sustainable smart pallet innovator, announces that, following the previously-disclosed winding down of its Canadian manufacturing operations which began in 2016, it has now filed in the Province of Ontario, Canada for the voluntary liquidation of its indirect wholly-owned subsidiary, 7636156 Canada, Inc.
This entity formerly ran the Company's Canadian manufacturing operations. The Company continues its review of opportunities to improve operational efficiency and reduce operating costs, including re-negotiating its footprint in China.
These measures are intended to help achieve the Company's forecast of generating positive EBITDA in 2019.
For further information:
RM2 International S.A. | +44 (0)20 7638 9571 |
Kevin Mazula, Chief Executive Officer Jean-Francois Blouvac, Chief Financial Officer | |
Strand Hanson Limited (Nominated & Financial Adviser and Broker) | +44 (0)20 7409 3494 |
James Spinney / Ritchie Balmer / James Bellman
| |
Citigate Dewe Rogerson (Financial PR) | +44 (0)20 7638 9571 |
Simon Rigby / Ellen Wilton |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
Notes to Editors
RM2 International S.A. specialises in pallet development, manufacture, supply and management to establish a leading presence in global pallet supply and improve the supply chain of manufacturing and distribution businesses through the effective and efficient use and management of composite pallets. It is quoted on the AIM market of the London Stock Exchange under the symbol RM2.L. For further information, please visit www.rm2.com