AZ Electronic plans to invest in additional capacity in France
Speciality chemicals producer AZ Electronic Materials has announced that it is planning to invest part of its planned capital expenditure in additional manufacturing facilities at its Lamotte plant in Trosly-Breuil, France.
Speciality chemicals producer AZ Electronic Materials has announced that it is planning to invest part of its planned capital expenditure in additional manufacturing facilities at its Lamotte plant in Trosly-Breuil, France.
The company expects the move to strengthen its position as developer of silicon technologies used in the semiconductor, display and lighting industries and believes the move with increase service demand.
As such, the company is set to invest $7.0m in expanding its colloidal silica capacity at the plant, which is scheduled to become operational in the second half of 2013.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The share price rose 0.25% within the first 45 minutes of trading.
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Energy bills to rise by 1.2% in January 2025
Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
By Dan McEvoy Published
-
Should you invest in Trainline?
Ticket seller Trainline offers a useful service – and good prospects for investors
By Dr Matthew Partridge Published