Hexatronic invests 18 MUSD in a new micro duct plant in the US
November 08 2021 - 2:00AM
Hexatronic invests 18 MUSD in a new micro duct plant in the US
Hexatronic Group AB
(publ)
556168-6360
Press Release
November 8,
2021
Hexatronic invests
18 MUSD in a new micro duct plant in the
US
Hexatronic Group AB (publ) (“Hexatronic”), through its wholly
owned subsidiary Blue Diamond Industries, has decided to establish
a new plant for micro duct production in the southeastern, United
States. The investment of 18 MUSD regards production equipment and
infrastructure for establishing the production plant. The plant
will be up and running in Q3 2022.
“Based on the success we have had selling our complete FTTH
(Fiber To The Home) system in the US, the very interesting
development of the US market as well as the promising outlook of
acquiring more customers we have decided to invest 18 MUSD in
establishing a new plant for micro ducts. The plant will in
addition to this serve as a logistics hub for our FTTH systems
solutions. Included in the investment are also lines for increasing
production capacity for conduit and pipe products, servicing the
Blue Diamond Industries customers. The micro duct plant will be
established and operated by our subsidiary Blue Diamond Industries
and primarily serve the needs of Hexatronic US. From this initial
investment we will have a platform where we can grow and through
additional investments approximately double the production
capacity. This is an important step in our ambition to grow our
FTTH systems sales in the buoyant US FTTH market”, says Henrik
Larsson Lyon, CEO Hexatronic Group.
Gothenburg, November 8, 2021
Henrik Larsson LyonCEO Hexatronic Group
For more information, please contact:
Henrik Larsson Lyon, CEO Hexatronic Group, +46 706 50 34
00
Pernilla Lindén, CFO Hexatronic Group, +46 708 77 58 32
The information was submitted for publication, through the
agency of the contact person set out above, at 8am CET on November
8, 2021.
Hexatronic Group AB (publ) is a group that develops, markets and
delivers products, components and system solutions with the main
focus on the fiber optic market. Hexatronic offers a wide range of
innovative system and product solutions mainly for passive fiber
optic infrastructure with global trademarks like Matrix, Viper,
Stingray, Raptor, InOne, Drytech™, Lightmate®, Skyline and Wistom®.
The Group has its headquarters in Gothenburg, Sweden and has sales
offices and/or subsidiaries in Sweden, Norway, Denmark, Finland,
United Kingdom, the Netherlands, Italy, Estonia, Latvia, Lithuania,
Germany, China, New Zealand, Australia, US and Canada. The Group is
listed on Nasdaq Stockholm under the ticker HTRO. For more
information, visit https://group.hexatronic.com/en
- 2021-11-08 Hexatronic invests 18 MUSD in a new micro duct plant
in the US
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