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Tricorn brings US facility online ahead of schedule

By Iain Gilbert

Date: Wednesday 10 Jul 2019

Tricorn brings US facility online ahead of schedule

(Sharecast News) - Tube manipulation specialist Tricorn has brought its US facility and its associated paint line into full operation, well ahead of the expected end of July 2019 date previously indicated.
Tricorn extended its capabilities and facilities in the USA with the purchase of a powder coating and wet spraying line after securing an initial five-year lease on 47,000 square feet within a large facility - with options to extend for a further five years and on a further 50,000 square feet of space within the building.

Chief executive Mike Welburn said: "Our USA team has done a great job of getting the facility up and running well ahead of plan.

"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 USA."

As of 0920 BST, Tricorn shares had slipped 1.62% to 18.20p.

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