13th May 2015 08:09
LONDON (Alliance News) - Environmental Recycling Technologies PLC on Wednesday said it has signed an agreement with thermal equipment company CDS Group to supply turnkey powder impression moulding manufacturing equipment.
No financial details on the contract were disclosed.
Under the deal, CDS will be the supplier of complete modular and scalable plants for the manufacturing of powder impression moulding products.
"We are delighted to have retained CDS to supply turnkey manufacturing facilities for the production of PIM products. The availability of a scalable off-the-shelf plant, combined with the consistent availability of feedstock, through our supply agreement with Axion Polymers, further strengthens ERT's global reach," said Environmental Recycling Technologies Managing Director Lee Clayton.
Shares in Environmental Recycling were up 11% to 0.47 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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