StockMarketWire.com - Tube manipulation specialist Tricorn Group said a new US facility had become fully operational, ahead of an expected end July timetable.

The company had in May announced the acquisition of a powder coating and wet spraying line, while also securing an initial five-year lease on 47,000 square feet within a large facility.

Tricon also has options to extend for a further five years and on a further 50,000 square feet of space within the building.

'Our US team has done a great job of getting the facility up and running well ahead of plan,' chief executive Mike Welburn said.

'We have approval from our key customers to ship parts from the facility and are already seeing some of the benefits of moving the pre-treatment and painting of assemblies in-house.'

'The manufacturing floor space secured also provides for the intended expansion of our capacity and a broadening of our product offering in the US.'




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