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Haydale Graphene expands to bring cutting tool manufacturing in-house

Haydale Graphene

Haydale Graphene Industries PLC's (LON:HAYD) Ray Gibbs tells Proactive that the company is investing in its South Carolina facilities to bring the manufacture of its new cutting tool in-house.

Gibbs says that the demand for its cutting tool in the aerospace industry to manufacture turbine blades has pushed the company toward the expansion.

He adds that the US$1.5mln investment allows the company to make the products directly and is a significant move that can be refinanced through debt going forward.

Quick facts: Haydale Graphene Inds PLC

Price: 1.7 GBX

LSE:HAYD
Market: LSE
Market Cap: £5.78 m
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Haydale Graphene's Ray Gibbs at the opening of the Graphene Engineering...

Ray Gibbs, president of business development at Haydale Graphene Industries PLC (LON:HAYD), spoke to Proactive London's Andrew Scott while at the Graphene Engineering Innovation Centre in Manchester for its official opening. Haydale was one of the first companies to sign up with the GEIC...

on 11/12/18

2 min read