Portmeirion Group PLC
22 December 2005
PORTMEIRION GROUP PLC
ANNOUNCEMENT
Portmeirion Group PLC today announces that it has finalised the contract for the
lease of a new warehouse and distribution centre.
The new warehouse will be 60,000 sq.ft. and located in Stoke-on-Trent, close to
the existing manufacturing site. Construction will start early in 2006 for
completion by the Autumn. It is planned that the new warehouse will be fully
operational by early 2007, replacing the two existing warehouse sites in
Stoke-on-Trent.
The new warehouse will be fitted with modern handling equipment and will be able
to warehouse and distribute increased volumes of both UK manufactured and
imported goods. It will significantly improve the quality and flexibility of
service that we are able to provide to our retail customers.
This is an important further step in the modernisation and repositioning of the
Company and will, when the new warehouse is operational, allow the sale of one
of the existing warehouse sites, the freehold of which is held by the Group.
For further information please contact:
Arthur Ralley, Chairman Tel: 07725 361394
Brett Phillips, Group Finance Director Tel: 07813 967410
This information is provided by RNS
The company news service from the London Stock Exchange