11th Feb 2016 09:19
LONDON (Alliance News) - Zotefoams PLC said Thursday that it expects to begin producing its new T-FIT range of closed-cell foam insulation products from the second quarter of 2016.
The T-FIT range of products, designed for the biotechnology, pharmaceutical and semiconductor industries, will be made and sold through the company's joint venture with King Lai Group, ZOTEK King Lai, in March.
"This news builds on Zotefoams and King Lai's long-standing relationship in China. King Lai's strong position in products for cleanroom markets continues to make them the ideal partner to accelerate the development of our unique materials," said Managing Director David Stirling in a statement.
Shares in Zotefoams were down 1.9% at 295.43 pence Thursday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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