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- Amaero International (3DA) secures a 10-year lease for a titanium alloy powder manufacturing plant in Victoria
- The lease is for a 3,857 square metre facility and is in close proximity to Amaero’s headquarters in the Monash Precinct
- Construction at the site will begin this month and is expected to be complete by the third quarter of this year
- The plant is expected to generate roughly $40.8 million in revenue each year once operational
- Shares in Amaero International were down 3.28 per cent to $0.30 each at the close of trading on Tuesday, January 4
Amaero International (3DA) has secured a 10-year lease for a titanium alloy powder manufacturing plant in Victoria.
The lease is for a 3,857 square metre facility and is in close proximity to Amaero’s headquarters in the Monash Precinct.
Construction at the site will begin this month to prepare for the installation of the titanium powder facility. It is expected to be complete by the third quarter of this year. The company will then relocate its current Melbourne-based equipment to the new facility.
The company said the facility will provide a strong income stream, with revenue of $40.8 million per year expected once the plant is operational.
Amaero said the plant will enable it to produce aerospace-grade titanium at a much cheaper cost than its competitors.
CEO Barrie Finnin said this will allow the company to create the most advanced titanium alloy powder plant globally.
“The plant will generate a strong and highly profitable revenue stream for Amaero. We expect revenues to grow from around $40.8 million with our first gas atomiser to many times this level with subsequent atomisers in the next few years,” Mr Finnin said.
“Our new technology will position Amaero as a reliable source of strategically important titanium alloy powder and a supplier of choice to key defence and aerospace companies.”
Shares in Amaero International were down 3.28 per cent to $0.30 each at the close of trading on Tuesday, January 4.
