Treatt PLC - Site Relocation
Update on Site Relocation
Treatt Plc (the 'Group' or 'Company'), the manufacturer and supplier of innovative ingredient solutions for the flavour, fragrance, beverage and consumer products industries, announces that it has entered into a construction agreement with Readie Construction Limited for the development of its new head office facility on Suffolk Park, Bury St Edmunds (the 'Contract'). Construction is due to commence this month with completion scheduled for Summer 2020; occupation will take place shortly thereafter.
The Contract is on a fixed price basis and comprises the design and build of works associated with the new building including laboratories, manufacturing and warehouse facilities, offices and collaborative working spaces. Contract negotiations with other suppliers for the provision of plant and machinery for the new site are also proceeding well.
The development of the detailed relocation plan, with the deliverables of driving further innovation, product development, teamwork and process efficiencies as well as a step-change in capacity, is now almost complete. The latest estimate for the relocation budget and expenditure to date are set out in the table below.
A further update on the relocation project will be provided when the Group announces its full year results for the year ending 30 September 2019 on 26 November 2019.