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Alumasc ( (GB:ALU) ) has issued an update.
Alumasc has opened a new manufacturing and assembly facility for its Gatic access covers at its Halstead site in Essex, following a £3 million investment in infrastructure and machinery. This strategic move aims to enhance manufacturing efficiency, product sustainability, and support international sales growth, positioning Halstead as a key hub for the company’s market-leading brands. The investment is expected to drive growth, create jobs, and foster innovation, strengthening both the local economy and the wider manufacturing sector.
More about Alumasc
Alumasc is a leading provider of sustainable building products, systems, and solutions. The company focuses on manufacturing engineered access covers and surface water drainage products through its Gatic brand, and high-quality drainage products through its Wade brand. Alumasc serves both UK and international markets, with a presence in over 114 countries.
YTD Price Performance: 7.75%
Average Trading Volume: 60,106
Technical Sentiment Signal: Strong Sell
Current Market Cap: £122.2M
See more insights into ALU stock on TipRanks’ Stock Analysis page.
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