Active Energy Group - significant new contracts
AimZine microcap comment
Shares in Active Energy Group (AIM: AEG) are up 8% this morning following the release of details of new contracts this morning. In fact the rise is modest considering that the contracts are expected to more than double the Group’s revenue in 2016.
Active Energy Group (AIM: AEG)
http://www.active-energy.com/
2016 Supply Contract and new production line
Active Energy Group reported that its AEG WoodFibre division has secured two significant new supply contracts for 2016 and that it is investing in a new softwood production line to augment its recently-upgraded hardwood processing facilities. The contracts, with a leading MDF manufacturer in Turkey, are for up to 300,000 metric tonnes of AEG’s hardwood wood fibre product,…
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