Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Chemicals

Hardide opens US production facility

It is part of a US$7mln project to expand its production operations to North America

Hardide (LON:HDD), the provider of advanced surface coating technology, opened a new production facility in Virginia, USA, on Thursday.

It is part of a US$7mln project in Martinsville-Henry County to expand its production operations to North America, due to higher demand from the US and Canada.

Production testing is underway, with volumes expected to start in the second quarter of this year, the firm said.

Following the trials, production for customers in North America, currently being carried out in the UK, will be transferred to the new site on a case-by-case basis, Hardide said.

Philip Kirkham, chief executive, said: “Having a local production facility in North America will support the increased demand from existing customers and boost opportunities to expand provision of our coatings throughout the region.

The 26,000 square foot facility will produce the company’s range of hard wearing tungsten carbide coatings for the oil and gas market.

Shares rose 1.5% to 1.37p.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK