Porvair PLC
02 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 aviation
filtration business it has signed a lease to acquire larger premises in Fareham,
Hampshire. The new factory provides 65,000 square feet of modern factory and
office space and will ease recent capacity issues.
The additional space is required to support aerospace sales, which grew 21% in
2006 and are anticipated to grow through 2007 and into 2008.
Part of this growth will be from deliveries of the fuel tank inerting filters
for 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 continues
to perform strongly. Our new premises will improve production flow and enable
further growth. To have started production of the complex fuel tank inerting
filter is a big step forward. The group continues to perform well and trading is
in line with management's expectations'
Contact:
Porvair plc
Ben Stocks, Chief Executive 01553 765 500
Chris Tyler, Group Finance Director 01553 765 500
Buchanan Communications 0207 466 5000
Charles Ryland / Ben Willey/Susanna Gale
Notes to editors
Porvair is a group of specialist filtration and environmental technology
businesses. Its products are used in a range of niche filtration markets, and
are derived from its expertise in the development and manufacture of porous and
microporous ceramics, metals, plastics and carbons.
This information is provided by RNS
The company news service from the London Stock Exchange