RM2 Rm2 International S.a.

TIDMRM2

RM2 International SA

22 December 2016

22 December 2016

RM2 International S.A.

Manufacturing operations update

RM2, the sustainable composite pallet innovator, is pleased to update shareholders on progress at its new manufacturing operations in Mexico and China.

Both initiatives are on track. Pultrusion began in Mexico this month and the finished BLOCKPal product will be available in January. The Company has agreed with its manufacturing partner, Jabil Circuit Inc (Jabil), the specific monthly ramp-up of production during the first half of 2017 with full production in Mexico expected in Q3 2017. The process in China is approximately 10-12 weeks behind Mexico.

Kevin Mazula, COO and Head of Manufacturing at RM2, commented: "We are extremely grateful for the commitment and co-operation we have received from our partners Zhenshi in China and Jabil in Mexico. As a result of the swift progress we have made we are very confident that we will meet the deployment timetables that we outlined to our customers in North America."

John Walsh, RM2's CEO commented: "It is very gratifying to report that both these operations are well on track. Our strategic partnerships with Zhenshi and Jabil have transformed RM2's long term manufacturing cost base and capabilities. We now have excellent visibility for cost efficient production and volumes during 2017 and beyond. I look forward to giving a further production update in Q1 2017."

For further information, please contact:

 
                                     +44 (0)20 8820 
 RM2 International S.A.               1412 
 John Walsh, Chief Executive 
  Officer 
  Jean-Francois Blouvac, Chief 
  Financial Officer 
 
 Strand Hanson Limited (Nominated    +44 (0) 20 7409 
  & Financial Adviser)                3494 
 James Spinney 
  Ritchie Balmer 
 James Bellman 
                                     +44 (0)20 7638 
 Citigate Dewe Rogerson               9571 
 Simon Rigby 
  Rob Newman 
  Ellen Wilton 
 

Notes to Editors

RM2 International S.A. specialises in pallet development, manufacture, supply and management to establish a leading presence in global pallet supply and improve the supply chain of manufacturing and distribution businesses through the effective and efficient use and management of composite pallets. It is quoted on the AIM market of the London Stock Exchange under the symbol RM2.L.

For further information, please visit www.rm2.com

This information is provided by RNS

The company news service from the London Stock Exchange

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