12th Jun 2014 14:11
LONDON (Alliance News) - AB Dynamics PLC said Thursday that it had signed a three year lease for an additional 3,500 square feet of manufacturing space near to its existing facility in Bradford on Avon.
It will be used to expand its track testing systems manufacturing and assembly space.
The company said that the new facility will provide an additional 45% of manufacturing space, and should provide sufficient headroom in capacity to take it beyond the completion date of its new purpose built facility, due in 2016, which is subject to planning consents.
No financial details were disclosed.
Shares in AB Dynamics were trading down 2.2% at 157.50 Thursday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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