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Hardide Plc Provides Update on US manufacturing facility

Published on 2006-05-03. Author : SpecialChem

LONDON, United Kingdom -- Hardide plc (AIM:HDD), the provider of unique surface engineering technology, is pleased to give the following update on its US manufacturing facility in Houston, USA.

Hardide has now signed a leasehold agreement for its first US coatings facility and the purpose built 17,000 sq. ft. factory is now being equipped to the Company's specifications in Train Court, Northwest Houston. The development of the Houston facility represents a GBP 2.9 million investment over the next 24 months which will be funded out of cash reserves. The new factory will initially employ ten, locally recruited, staff with a further 30 employees projected within two years. Train Court will initially house one state-of-the-art CVD (chemical vapour deposition) vacuum furnace together with pre-treatment, inspection, quality assurance and finishing support equipment. Plant installation and commissioning is due to take place over summer 2006. The new facility will be operational from 1 October 2006.

Jim Murray-Smith, Chief Executive, said: "We have made excellent progress with Hardide's new manufacturing facility in Houston. By setting up Hardide in Houston it means we can enhance and expand our services to our current US customers, as well as develop the huge amount of interest that has been shown in our technology by new customers in the last twelve months. "Houston is the perfect location for servicing the oil and gas market and is also ideally located for our other key sectors including aerospace and valves."

Source: Hardide plc

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