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RANGE INTERNATIONAL LIMITED — Capital/Financing Update 2017
Aug 22, 2017
65662_rns_2017-08-22_d2bef37f-e5d6-4a10-8540-50c56168b26b.pdf
Capital/Financing Update
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ASX Announcement
(ASX:RAN)
23 August 2017
Customer Activity Update Linfox Sales and Chinese Order Increase
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plastic pallets, provides an update on recent customer developments across its business.
Linfox successfully trials HD pallets and looks to expand use
Range International is pleased to advise that sales have commenced of its Heavy Duty (HD) pallet to in the country. territories including Malaysia.
Chinese customer order exceeds 280,000 pallets over 12 months
As an update to the announcement on 14 August 2017, regarding a large Chinese order, Range International would like to announce that the customer has advised that it will be increasing its recurring order volume to 23,720 pallets per month over the next 12 months, up from 11,000 pallets. This recurring order will take the total volume from this single customer to in excess of 280,000 pallets over a 12 month period.
The parties have agreed to enter into a long term supply contract over the next few weeks.
This order validates our strategy for the NP, which is meeting the needs of customers in less complicated, high volume supply chains.
Our sales team continues to focus on developing high volume, recurring customers as our production ramps up.
Mark Daniel Chairman/Interim CEO
About Range International:
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plastic pallets from 100% recycled plastic at a price that is competitive with wood pallets. Range currently has production lines operating in Indonesia and sells
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a global production footprint and sales distribution network.
Media: [email protected] Investor Relations: [email protected]
RANGE INTERNATIONAL LTD ACN 611 998 200 | Level 5, 134 William Street East Sydney, NSW 2010 | www.rangeinternational.com