New European Technology Centre
15 May 2019
The 600 Group Plc
("600 Group" or "the Group")
600 Group launches new European Technology Centre
· Technology Centre will showcase Group's increasingly high-end product capabilities
· Strategic focus on product innovation to underpin organic growth
· New facility creates operational flexibility whilst delivering efficiency savings
600 Group PLC, the diversified industrial engineering company (AIM: SIXH), is pleased to announce the launch of its new European Technology Centre, near Halifax, West Yorkshire.
The new facility marks a step forward for the Group as it seeks to create a more flexible platform from which to leverage the strength of the Group's brands and grow the business into diversified niche markets internationally.
Product innovation is central to the Group's strategy as it seeks to underpin organic growth through a strong focus on product development, including launching new products that add to the higher end capabilities of the Group's product range.
This new facility, which will serve as the Group's global headquarters, integrates a modern, open plan office environment, enhanced manufacturing and warehousing space as well as serving as the Group's new European Technology Centre with a dedicated year-round product showroom, demonstration and customer training capability to showcase the business' increasingly innovative product range.
The new integrated facility will provide additional operational flexibility, benefitting from a more integrated logistics operation.
Paul Dupee, Executive Chairman, commented:
"This is an exciting development for the business, which reflects our continued strategy of simultaneously de-risking the Group as well as creating a strong platform for growth. This new facility will help foster product innovation and enable us to better showcase our leading capability to our customers."
The 600 Group PLC
Paul Dupee, Executive Chairman
Neil Carrick, Finance Director
Tel: 01924 415000
Tel: 0207 457 2020
Spark Advisory Partners Limited (NOMAD)
Tel: 020 3368 3553
WH Ireland (Broker)
Tel: 020 7220 1666
About The 600 Group PLC
The 600 Group PLC is a distributor, designer and manufacturer of industrial products with three principle areas of activities:
The business has a strong reputation in the market for metal turning machines. Products range from small conventional machines for education markets, CNC workshop machines and CNC production machines. Selected outsourcing partners support the manufacturing of these machines and they are marketed through the Group's wholly owned international sales organisation and global distribution network.
Precision Engineered Components
Machine spares are distributed to customers globally to help maintain the installed base of group machines which number in excess of 100,000. Additionally, work holding products and taper roller bearings are sold via specialist distributors to OEMs, including other machine builders.
Industrial Laser Systems
Industrial laser systems are a technologically superior alternative to ink jet marking. It requires no consumables and can operate on a continuous high speed basis when integrated into customers' production lines. The business has its own technology and proprietary software. Customer applications are diverse and range from telecommunications to pharmaceuticals. The requirement for increased product and component traceability is one of the market drivers.
More information on the Group can be viewed at: www.600group.com
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Quick facts: 600 Group
Market Cap: £20.85 m
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