2015 Annual Financial Report
Perth, Sep 28, 2015 AEST (ABN Newswire) - The Directors of Valence Industries Ltd (
ASX:VXL) have pleasure in submitting their report on the Company and its subsidiaries, for the year ended 30 June 2015.
Strategy and Outlook
In the next year the focus for Valence Industries will be:
- Implementing corporate and operational lean structures to deliver productivity and cost efficiencies;
- Consistent graphite production from the existing production plant including any optimisation of the process;
- Increasing graphite exports to meet customer contracts in Europe, the Asia Pacific and North America;
- New mining from Uley Pit 2 to provide fresh feed material for the existing production plant;
- Detailed engineering and design for plant expansion and new purifying and micronising facilities for construction;
- Development of further strategic graphite markets and customers to match productive outputs;
- Implementing strategic corporate finance facilities to underpin operations and growth program;
- Development of strategic research programs including for production of graphene.
Development during the 2015/2016 financial year will also be supported by the strategic corporate finance program designed to underpin current operations and expansion and which include the syndicated finance facilities initiated during the past year.
To view the full report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-VXL-881586.pdf
About Valence Industries Ltd
Valence Industries Limited (ASX:VXL) is an industrial manufacturing company producing high grade flake graphite products for distribution and sale to global markets. Valence Industries owns established processing facilities and infrastructure to manufacture a wide range of graphite product lines for multiple applications and multiple industries. Valence Industries produces and sells its graphite products from its Uley Graphite facilities in regional South Australia for delivery to diversified markets for graphite in the Asia Pacific, Europe and North America. Visit Valence Industries
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