ACTIVE ENERGY GROUP SECURES NEW CONTRACTS
Alpha Prospects Plc, an investment management company, announces that Active Energy Group, in which it holds an interest of 3.1m shares, has announced that it has concluded two important commercial developments.
Active Energy Group, the pan-European supplier of high-quality wood chip and associated timber products for MDF manufacturing and green energy Biomass power generation, has won a contract to supply its high-grade MDF-quality wood chip to Kastamonu Entegre AS, one of Turkey’s leading MDF manufacturers. This follows the recent announcement of two other supply contract wins with major Turkish MDF manufacturers.
In the first six weeks of the year, Active Energy has secured three new contracts to supply wood chip for MDF manufacturing, which are expected to generate approximately US$33 million in additional revenue in FY2014.
Active Energy has also entered into a full-service logistics agreement with TransInvest Service (TIS), which is designed to streamline its port and loading operations so that the considerable uplift in demand for its MDF-quality wood chip can be handled efficiently and cost effectively.
The benefits accruing from the new arrangements are expected to deliver significant improvements to the loading and delivery capabilities, whilst simultaneously improving operating efficiencies.
About Alpha Prospects The Company’s strategy is to make investments in companies with fast growth and/or recovery prospects.