RM2 International SA Re Agreement (7540K)
26 September 2016 - 4:01PM
UK Regulatory
TIDMRM2
RNS Number : 7540K
RM2 International SA
26 September 2016
26 September 2016
RM2 International S.A.
RM2 and Jabil collaborate on North American production of
innovative pallets
RM2 (LSE-AIM: RM2), the sustainable composite pallet innovator,
is pleased to announce that it has entered into a strategic
manufacturing agreement with Jabil for the mass production of the
RM2 BLOCKpal pallet in Mexico. The agreement with Jabil, a global
leader in digital manufacturing and supply chain solutions, will
allow RM2 to scale production more efficiently to market demand.
Initial production is expected to be deployed in Q1 2017. Pallets
produced at the facility will be deployed with RM2's customers in
North America.
This agreement is complementary to the deal announced in April
this year for the production of pallets by Zhenshi Holdings Groups
Ltd in China, allowing RM2 to address more rapidly the growing
volume demands of its clients. Production costs at the two
facilities are expected to be similar.
John Walsh, CEO of RM2, commented: "When we announced the
contract manufacturing agreement with Zhenshi, we re-affirmed our
commitment to production in North America. Today's agreement means
that RM2 will have a well-balanced manufacturing capability with
efficient, low-cost and modern production bases in both Asia and
North America. This will enable us to mitigate cost fluctuations
and flex production more efficiently between two highly qualified
contract manufacturers and better meet the demands of our
customers.
"As previously stated, all production for 2017 is already
earmarked to be deployed with our customers in North America. These
deployments will include outright sales, rentals and long term
lease agreements. We will update the market with regards to the
specifics of these deals throughout Q4."
"In keeping with Jabil's pledge to positively impact the world
in which we live and operate by addressing climate change and
increasing resiliency, we are pleased to collaborate with RM2 in
producing an eco-responsible pallet, thereby bringing an
environmentally friendly solution to the logistics and
supply-chains industry," said Keith Cochran, Vice President, Jabil
Global Business Units.
For further information, please contact:
+44 (0)20 8820
RM2 International S.A. 1412
John Walsh, Chief Executive
Officer
Jean-Francois Blouvac, Chief
Financial Officer
+44 (0)20 7653
RBC Capital Markets 4000
Tristan Lovegrove
Pierre Schreuder
Ema Jakasovic
+44 (0)20 7638
Citigate Dewe Rogerson 9571
Simon Rigby
Rob Newman
Ellen Wilton
Notes to Editors
RM2 International S.A. specialises in pallet development,
manufacture, supply and management to establish a leading presence
in global pallet supply and improve the supply chain of
manufacturing and distribution businesses through the effective and
efficient use and management of composite pallets. It is quoted on
the AIM market of the London Stock Exchange under the symbol
RM2.L.
For further information, please visit www.rm2.com
Jabil is an electronic product solutions company providing
comprehensive electronics design, production and product management
services to global electronics and technology companies. Offering
complete product supply chain management from facilities in 28
countries, Jabil provides comprehensive, individualized-focused
solutions to customers in a broad range of industries. Jabil common
stock is traded on the New York Stock Exchange under the symbol,
"JBL". Further information is available on Jabil's website:
jabil.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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