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Iofina says production underway at iodine production plant IO#7

StockMarketWire.com

Iofina said production at its IO#7 Iosorb plant was underway and is expected to favourably impact the overall iodine production output as well as lower overall production costs.

'Over the next few weeks the team will be lining out the parameters of operations at IO#7 to maximise iodine output,' the company said.

Commenting, President and CEO Dr. Tom Becker, said: 'The start of production at IO#7 is a proud achievement for the Iofina team as it demonstrates the successful execution of our long term strategy - to increase iodine output whilst lowering production costs.'

'Completing this project within time and budget further showcases the strength of the workforce at Iofina. Iodine prices continue to strengthen, and the Group is well placed to advance its position in the global iodine market. '

At 8:47am: (LON:IOF) Iofina PLC share price was +1.18p at 20.73p


Story provided by StockMarketWire.com