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Iofina kicks off production from new IO#7 plant

Tom Becker, president and chief executive of Iofina plc (LON:IOF), tells Proactive construction's complete and they've now begun production at their IO#7 IOsorb® plant.

The site in Oklahoma, USA has undergone hydrostatic testing and evaluations of its systems and is currently processing iodine rich brine water.

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Price: 24.5 GBX

LSE:IOF
Market: LSE
Market Cap: £47.01 m
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'Things are adding up for Iofina' with increased year-on-year production

Tom Becker, chief executive of Iofina plc (LON:IOF), tells Proactive Investors 2017 was a year of 'substantial' progress for the company. Gross profit increased by US$2.2m from US$2.7mln to US$4.9mln while underlying earnings (EBITDA) improved by US$2.7m from a deficit of US$1.3mln to a...

on 30/4/18

2 min read