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Active Energy set to quadruple hardwood output as new equipment gets to work

Richard Spinks, chief executive of Active Energy (LON:AEG), says the new high-volume hardwood production line at the Yuzhny Port facility in Ukraine should lead to a four-fold increase in production.

“We have been aiming towards this for around two years. It has taken a bit longer than expected, but it is now working and we are very excited about it,” he told Proactive Investors.

Spinks also comments on another batch of new equipment due in early 2016, which is set to improve the firm’s softwood operations.

Quick facts: Active Energy Group PLC

Price: 0.64599 GBX

LSE:AEG
Market: LSE
Market Cap: £7.81 m
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