Markets react well to Hardide expansion plans

AIM-listed surface coating technology specialist Hardide (LON:HDD) has seen its share price rise by 5.63% to 75p (as of 13:00 BST) after it announced that it had ordered three new coating reactors to expand its premises in the UK and USA. This investment is being financed by the firm’s previous fundraising and will increase the volume and range of work that the company will be able to undertake.

CEO Philip Kirkham commented: “Placing the orders for these new reactors is a signal of the confidence that the Directors have in the prospects for future business growth in the UK and North America. We have several exciting test programmes underway and are looking forward to the migration to our new and expanded UK facility“.