SigmaRoc to open new concrete plant in Jersey

The new plant is expected to reduce turnaround time and improve efficiency with outputs expected to be up to 80 cubic metres of concrete per hour

Jersey quarry
The new plant is located near the entrance of the group's quarry on the island

SigmaRoc PLC (LON:SRC) is preparing to open a new ready-mix concrete plant in Jersey as part of an expansion of its Ronez business in the Channel Islands.

The new plant, located near the main entrance of Ronez’s quarry on the island, will reduce turnaround time and improve efficiency for its collection and delivery customers with outputs expected to be up to 80 cubic metres of concrete per hour.

READ: SigmaRoc forecasts revenue jump of over 50% in full-year update

Sigma said the new plant would be opened on February 13 and was expected to result in increased sales as part of its improvement strategy.

The new plant will also ensure the island had enough concrete to serve future infrastructure plans, the company said, adding that there was “an encouraging pipeline” of major construction projects in Jersey including a new school and the re-development of the general hospital and airport.

Max Vermorken, chief executive of the construction materials group, said the previous “inefficiency” in the quarry’s delivery service, which previously required customers to drive to the bottom to pick up concrete, would be resolved by the new plant.

David Barrett, SigmaRoc’s chairman, added that the new plant would offer “greater convenience and service” and support the island’s infrastructure projects.

In mid-morning trading Monday, SigmaRoc shares were up 0.2% at 41.2p.

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Quick facts: SigmaRoc

Price: 44 GBX

Market: AIM
Market Cap: £111.65 m

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