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RANGE INTERNATIONAL LIMITED — Capital/Financing Update 2016
Aug 29, 2016
65662_rns_2016-08-29_f7344623-ada9-441e-8b0b-c1a0eab6aee2.pdf
Capital/Financing Update
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ASX Announcement Tuesday, 30 August 2016
RANGE INTERNATIONAL COMPLETES ACQUISITION OF FACTORY SITE IN JAVA
Further to the Company’s announcement on 19 August 2016, Range International (ASX:RAN) is pleased to confirm the completion today of the purchase of the factory site in East Java, Indonesia.
This acquisition is extremely important to the expansion strategy of Range and will form the cornerstone of our strategy to rapidly expand our production capacity and open up new market opportunities.
Lars Amstrup Managing Director/CEO
About Range International:
Range is a manufacturer of plastic pallets. It has developed the ThermoFusion™ technology that allows it to make plastic pallets from 100% recycled mixed waste plastic at a price that is competitive with wood pallets. It currently has two production lines operating at its factory in Bali, Indonesia and sells its pallets under the brand Re>Pal™. Range intends to scale up its operations in Indonesia. In the medium term, the Company’s goal is to establish a global production footprint and sales distribution network.
MEDIA CONTACT: email: [email protected] INVESTORRELATIONS: email: [email protected]
RANGE INTERNATIONAL LIMITED, Level 5, 134 William Street, East Sydney NSW 2010 Australia www.rangeinternational.com