bullish
Amaero International Ltd - US Location Positive for Earnings Profile and Valuation
SUMMARY
- Amaero International Ltd (ASX:3DA) is a global specialist in titanium and specialty alloy powder production and advanced manufacturing for the defence, aerospace, and other industrial sectors.
- The company has announced that it has greenlighted its flagship 827-tonne a year titanium powder manufacturing facility in Tennessee, USA, following commitments for economic incentives from government and business organisations that were more advantageous when compared with the previous location of the United Arab Emirates.
- The new “nearing completion” industrial facility in Cleveland, Tennessee, will allow Amaero to accelerate the installation of its titanium powder manufacturing facility, delivering first production more than 12-months ahead of the slated UAE start.
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