Lease of larger factory

2 Oct 2007 11:35

Porvair PLC02 October 2007 For immediate release 2 October 2007 Porvair plc ("Porvair") Lease of larger factory premises Porvair to expand manufacturing to meet demand. Announces start of production of key aviation project. Porvair today announces that following continued strong growth in its aviationfiltration business it has signed a lease to acquire larger premises in Fareham,Hampshire. The new factory provides 65,000 square feet of modern factory andoffice space and will ease recent capacity issues. The additional space is required to support aerospace sales, which grew 21% in2006 and are anticipated to grow through 2007 and into 2008. Part of this growth will be from deliveries of the fuel tank inerting filtersfor Boeing aircraft that are expected to increase throughout 2008. Ben Stocks, CEO of Porvair plc, said: "This is one of a number of planned investments in Microfiltrex, which continuesto perform strongly. Our new premises will improve production flow and enablefurther growth. To have started production of the complex fuel tank inertingfilter is a big step forward. The group continues to perform well and trading isin line with management's expectations" Contact: Porvair plcBen Stocks, Chief Executive 01553 765 500Chris Tyler, Group Finance Director 01553 765 500 Buchanan Communications 0207 466 5000Charles Ryland / Ben Willey/Susanna Gale Notes to editors Porvair is a group of specialist filtration and environmental technologybusinesses. Its products are used in a range of niche filtration markets, andare derived from its expertise in the development and manufacture of porous andmicroporous ceramics, metals, plastics and carbons. This information is provided by RNS The company news service from the London Stock Exchange