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RM2 International SA (RM2)

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Tuesday 01 May, 2018

RM2 International SA

Manufacturing operations update

RNS Number : 6620M
RM2 International SA
01 May 2018
 

1 May 2018

RM2 International S.A.

 

Manufacturing operations update

 

RM2 International S.A. ("RM2" or the "Company"), the sustainable smart pallet innovator, announces that, following the previously-disclosed winding down of its Canadian manufacturing operations which began in 2016, it has now filed in the Province of Ontario, Canada for the voluntary liquidation of its indirect wholly-owned subsidiary, 7636156 Canada, Inc. 

 

This entity formerly ran the Company's Canadian manufacturing operations. The Company continues its review of opportunities to improve operational efficiency and reduce operating costs, including re-negotiating its footprint in China. 

 

These measures are intended to help achieve the Company's forecast of generating positive EBITDA in 2019.

 

 

For further information:

 

RM2 International S.A.

+44 (0)20 7638 9571

Kevin Mazula, Chief Executive Officer

Jean-Francois Blouvac, Chief Financial Officer   




Strand Hanson Limited (Nominated & Financial Adviser and Broker)

+44 (0)20 7409 3494

James Spinney / Ritchie Balmer / James Bellman

 


Citigate Dewe Rogerson (Financial PR)

+44 (0)20 7638 9571

Simon Rigby / Ellen Wilton


 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

 

Notes to Editors

 

RM2 International S.A. specialises in pallet development, manufacture, supply and management to establish a leading presence in global pallet supply and improve the supply chain of manufacturing and distribution businesses through the effective and efficient use and management of composite pallets.  It is quoted on the AIM market of the London Stock Exchange under the symbol RM2.L.  For further information, please visit www.rm2.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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