(NewsDirect)
Iofina PLC (AIM:IOF, OTC:IOFNF) CEO Dr TomBecker speaks to Thomas Warner from Proactive after the iodineproducer confirmed that IO#9, launched in June 2023, is nowsuccessfully producing 100-150 metric tonnes annually after a periodof running below capacity.
Beckergoes on to reveals plans for a tenth plant, leveraging lessons fromIO9's slow start. This new plant, situated near IO#9 in westernOklahoma, is part of Iofina's ongoing expansion, with a potentiallaunch in mid-to-late next year.
Thecompany aims to streamline processes and has made additional hires tofacilitate this growth. He also addresses efforts to bolster sales andmarketing efforts, which include hiring a senior sales and marketmanager. This role will enhance customer relationships and explore newspecialty chemical products.
Additionally, Iofina is conductingR&D and scaling up new product lines, with upcoming websiteenhancements to support marketing and communication. Regarding iodineprices, a crucial aspect for Iofina, Becker noted a slight declinefrom previous highs but expects stable prices around $65-$70 per kilo.The demand for iodine, particularly in injectable contrast agents,remains strong, suggesting continued high market prices, barring anymajor disruptions.
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