Business
Lease of larger factory
Lease of larger factory.
About this update from Porvair Plc
[{"type":"text","content":"\n Porvair PLC\n02 October 2007\n\n\nFor immediate release 2 October 2007\n\n\n\n Porvair plc ('Porvair')\n\n Lease of larger factory premises\n\n\nPorvair to expand manufacturing to meet demand. Announces start of production of\n key aviation project.\n\n\nPorvair today announces that following continued strong growth in its aviation\nfiltration business it has signed a lease to acquire larger premises in Fareham,\nHampshire. The new factory provides 65,000 square feet of modern factory and\noffice space and will ease recent capacity issues.\n\n\nThe additional space is required to support aerospace sales, which grew 21% in\n2006 and are anticipated to grow through 2007 and into 2008.\n\n\nPart of this growth will be from deliveries of the fuel tank inerting filters\nfor Boeing aircraft that are expected to increase throughout 2008.\n\n\nBen Stocks, CEO of Porvair plc, said:\n\n'This is one of a number of planned investments in Microfiltrex, which continues\nto perform strongly. Our new premises will improve production flow and enable\nfurther growth. To have started production of the complex fuel tank inerting\nfilter is a big step forward. The group continues to perform well and trading is\nin line with management's expectations'\n\n\n\n\n\nContact:\n\nPorvair plc\nBen Stocks, Chief Executive 01553 765 500\nChris Tyler, Group Finance Director 01553 765 500\n\nBuchanan Communications 0207 466 5000\nCharles Ryland / Ben Willey/Susanna Gale\n\n\n\nNotes to editors\n\n\nPorvair is a group of specialist filtration and environmental technology\nbusinesses. Its products are used in a range of niche filtration markets, and\nare derived from its expertise in the development and manufacture of porous and\nmicroporous ceramics, metals, plastics and carbons.\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":2313,"tagName":"div"}]