Senior opens new French production facility
By Iain Gilbert
Date: Wednesday 05 Jun 2024
(Sharecast News) - Manufacturing and engineering business Senior has opened a new production facility in Fossé, France.
Senior said on Wednesday that its new facility, operated by Senior Aerospace Ermeto, its local operating arm, will support growth and expand the subsidiary's capacity to manufacture high-pressure fluid conveyance components for European and global aerospace and industrial customers.
The FTSE 250-listed firm's new facility has an area of 1600m² and increases Ermeto's manufacturing capacity by 25%, which will be used to produce industrial valves and high-pressure hydraulic fittings used in aerospace fluid-conveyance systems.
Chief executive David Squires said: "We are delighted to mark the opening of this new production facility. This investment in Ermeto's growth will enable Senior to support our aerospace and industrial customers' increasing levels of demand".
As of 0900 BST, Senior shares were up 1.11% at 163.40p.
Reporting by Iain Gilbert at Sharecast.com
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