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An announcement from Korvest Ltd. ( (AU:KOV) ) is now available.
Korvest Ltd. has announced the approval of Phase 1 of its expansion plans at the Kilburn site, which includes constructing a new 3,000 m2 fabrication facility with a 500 m2 canopy, costing approximately $7.4 million. This expansion, funded through operating cash flows and a short-term debt facility, aims to enhance production capacity and capability, providing opportunities for market share growth, vertical integration, and access to additional markets.
More about Korvest Ltd.
Korvest Ltd. operates in the industrial sector, focusing on manufacturing and supplying infrastructure products. The company specializes in products such as cable and pipe supports, industrial access systems, and galvanizing services, catering to a range of market needs.
Average Trading Volume: 4,514
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$124.1M
For a thorough assessment of KOV stock, go to TipRanks’ Stock Analysis page.