Sunday, 17 February 2019


MKTUPDTE: MGL: MGL Market Update

12 Dec 2017 08:30NZX
Market Update

1. The Mercer Stainless business continues to trade well and has good
workflows heading into the 2018 calendar year having recently secured a large
job that provides baseload work through to May 2018.

2. Haden & Custance ("H&C") had seen a number of sales delayed, as reported
at the AGM. However, the business has recently secured a number of contracts
and is in the final stages of contract negotiations on at least one other.
The business now has encouraging workflows heading into the 2018 calendar

3. We are pleased to announce the addition of Chris Linseen as VP Sales for
North America for H&C. Chris joins H&C after 18-years at a global food
processing equipment and services company. His North American experience and
networks are already adding value opening up new sectors and customers.

4. S-Clave - the tooling for the single use container is underway and is
expected to be completed by February 2018. Once this is completed we will be
undertaking final testing of the commercial product. We will update on the
outcome of this testing when appropriate.

5. Edendale - We expect that the process around the Edendale silo collapse
will move forward in the short to medium term. Liability as between the
relevant parties has not yet been determined. We will continue to keep
shareholders updated.

Richard Rookes

For further information contact
Richard Rookes, 021 414 016
End CA:00311735 For:MGL    Type:MKTUPDTE   Time:2017-12-12 08:30:13
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