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Kurawood to float on AIM

Published: 5 September 2007
Kurawood has announced it plans to float on AIM, the alternative investment market.
The Company is also proposing to raise £4.5 million of new money for the company to expand an existing plant in New Zealand, to provide additional working capital, and for marketing.

The expected timetable to first dealings and placing statistics will be announced in the next couple of weeks.

The market capitalisation of the Kurawood is expected to be approximately £17 million. 

Kurawood is the owner, manufacturer and distributor of organically hardened softwood, trade marked 'Vecowood'.

Vecowood is made using a proprietary timber treatment process, which enables softwood such as pine to be organically treated and hardened.

Commenting, Roy Tilleard chairman of Kurawood, said:  "Reaction from major retailers has been very positive over the initial products that they have been presented with made from Vecowood. This will give a firm base on which Kurawood can build its brand."

Comments

Published prior to March 2014
By Socrates
This should read "Kurawood to sink on AIM"

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