Business
Additional Manufacturing Capacity Agreed
Additional Manufacturing Capacity Agreed.
About this update from Ab Dynamics Plc
[{"type":"text","content":"\n \nRNS Number : 5118J AB Dynamics PLC 12 June 2014 \n \n\nAB Dynamics plc(\"ABD\" or the \"Group\" )\nAdditional manufacturing capacity agreed\nAB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry, is pleased to announce that on 10 June 2014, in order to meet demand, it entered into a 3 year lease for an additional 3,500 square feet of manufacturing space nearby to the Group's existing facility at Bradford on Avon. The additional capacity will be used to expand the Group's Track Testing Systems manufacturing and assembly.\nIn addition to the Group's recent expansion in workspace announced in November 2013, the new facility will provide an additional 45% of manufacturing space and should provide sufficient headroom in capacity to take the Group beyond the completion date of the Group's new purpose built facility due in 2016 subject to formal planning consents being forthcoming.\nFor further information please contact:\n\n\n\n\nAB Dynamics plc\n\n\n01225 860 200\n\n\n\n\nTim Rogers, Managing Director\n\n\n \n\n\n\n\nTony Best, Chairman\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nCairn Financial Advisers LLP (Nomad)\n\n\n0207 148 7900\n\n\n\n\nTony Rawlinson\n\n\n \n\n\n\n\nAvi Robinson\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nCharles Stanley Securities Limited (Broker)\n\n\n0207 149 6000\n\n\n\n\nDugald J. Carlean\n\n\n \n\n\n\n\nKarri Vuori\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nNewgate Threadneedle (PR)\n\n\n0207 653 9850\n\n\n\n\nJosh Royston\n\n\n \n\n\n\n\nHeather Armstrong\n\n\n \n\n\n\n\nCaroline Evans-Jones\n\n\n \n\n\n\n\n \nOverview of AB Dynamics plc\nABD is a leading designer, manufacturer and provider of advanced testing and measurement products for vehicle suspension, brakes and steering to the global automotive research and development sector. The Group was founded in 1982 and listed on AIM in May 2013. The Group is headquartered in Bradford on Avon employing approximately 50 staff. ABD currently supplies seventeen of the top twenty automotive manufacturers, including Honda, Toyota, Ford and Volkswagen, who routinely use the Group's products to test vehicle safety and dynamics.\n \n\nThis information is provided by RNSThe company news serv...