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RANGE INTERNATIONAL LIMITED — Capital/Financing Update 2017
Jan 29, 2017
65662_rns_2017-01-29_f0c60ebf-7139-448b-a7d6-18d601cbcf74.pdf
Capital/Financing Update
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ASX Announcement
(ASX:RAN)
30 January 2017
Production commences at new Pasuruan, Indonesia, factory
Range International Limited (‘ Range ’ or ‘ Company ’), manufacturer of Re>Pal™ recycled plastic pallets, is pleased to announce the successful commencement of production of Re>Pal™ pallets at the Company’s Pasuruan factory in East Java, Indonesia.
Commissioning of the first production line at the Pasuruan factory has been completed and the Company has successfully produced its first Re>Pal™ pallets at the new factory.
The Company now has three production lines operating in Indonesia.
As detailed in the Company’s ASX announcement of 16 January 2017, one new production line is scheduled to be installed at the Pasuruan factory every six weeks throughout 2017 culminating in a total of 10 production lines being operational in Indonesia. The Company intends to make an announcement as each line becomes operational due to the purpose of our fundraising through the IPO and the importance this information has with our investors.
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Lars Amstrup
Managing Director/CEO
About Range International:
Range is a manufacturer of plastic pallets. Our ThermoFusion™ technology allows Range to make plastic pallets from 100% recycled mixed waste plastic at a price that is competitive with wood pallets.
RANGE INTERNATIONAL LTD ACN 611 998 200 | Level 5, 134 William Street East Sydney, NSW 2010 | www.rangeinternational.com
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Range currently has three production lines operating in Indonesia and sells its pallets under the brand Re>Pal™. Range is scaling 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: [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