Who is buying?, page-47

The move was announced at the AGM:

Chairman:
" The global expansion of Penthrox and the business generally requires us to develop a new manufacturing site. Accordingly MVP is moving its operations in the next few weeks to a new site in Scoresby and construction of our new manufacturing facility will commence during January 2016."

CEO:
"Our growth opportunities demand we develop a new manufacturing facility. This new facility will have the capacity to produce circa 25 million units of Penthrox per annum – a tenfold increase to our current capacity, which can be increased further. Importantly our facility is fully funded. We have already purchased all the equipment needed to roll out our new manufacturing technology which we created with the CSIRO which will deliver significant cost efficiencies and volume improvements."