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600 Group

New European Technology Centre

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RNS Number : 0244Z
600 Group PLC
15 May 2019
 

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."

 

Enquiries:

The 600 Group PLC

Paul Dupee, Executive Chairman

Neil Carrick, Finance Director

 

Tel: 01924 415000

Instinctif Partners

Mark Garraway

James Gray

 

Tel: 0207 457 2020

Spark Advisory Partners Limited (NOMAD)

Matt Davis

Miriam Greenwood

 

Tel: 020 3368 3553

WH Ireland (Broker)

Adam Pollock

 

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:

Machine Tools

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 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: 600 Group

Price: £0.18

Market: AIM
Market Cap: £20.85 m
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