Metal Powder Works' Metal Powder Machine Achieves Annual Capacity of 100 Metric Tonnes; Shares Up 10%
MT Newswires Live
Apr 29
Metal Powder Works' (ASX:MPW) NextGen machine achieved sustained annual production capacity of 100 metric tonnes, with an in-specification saleable yield surpassing 95%, according to a Wednesday filing with the Australian bourse.
NextGen is designed for industrial-scale manufacturing of non-thermal, solid-state metal powders.
The company plans to achieve 800 metric tonnes of installed capacity by 2028, which is estimated to require total capital outlay of about $2 million, the filing said.
Shares rose 10% in morning trade on Wednesday.
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