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Active Energy chief focused on growth and diversification

The chief executive of Active Energy (LON:AEG), Richard Spinks, explains how the forestry and biomass specialist remains focused on growth as well as reinvesting and diversifying its activities.

The company relocated its Ukrainian operations to new Black Sea port facilities and focused production resources on high-margin wood chip exports to MDF manufacturers in Turkey, while it also invested in new business ventures to lessen the reliance on a single operation.

That helped the firm report a report a 184% increase in turnover for 2014 and the CEO is confident that further growth lies ahead.

Meanwhile, Active's Canadian joint venture KAQUA, in which it owns a 44% stake,  is now in the process of mulling offers received as to how to develop the assets.

 

Quick facts: Active Energy Group PLC

Price: 0.3575 GBX

LSE:AEG
Market: LSE
Market Cap: £4.3 m
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