Strix Group PLC 3 Billion Kettle Controls Manufactured

RNS Number : 1043I

Strix Group PLC

15 October 2024

 

15 October 2024

Strix Group Plc

("Strix", the "Group" or the "Company")

3 Billion Kettle Controls Manufactured

Strix Group Plc (AIM: KETL), the global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components, is delighted to announce that it has achieved a major milestone, having surpassed the manufacture of 3 billion products worldwide.

 

Strix estimates that its controls are used approximately 1.2 billion times per day, in more than 100 countries, by over 10% of the world's population. The Company has successfully cultivated a leading market value share of the global kettle control industry and occupies the number one position in the manufacturing of controls. A truly international business, Strix has c. 1000 employees and partners all over the world.

 

Strix is pleased to announce this milestone in conjunction with its attendance at the Canton Fair, the oldest, largest, and most representative trade fair in China. Strix's team of 25 attending the fair includes members from various functions, consisting of engineering and industrial design, technical support, customer relations, sales and applications, all supported by senior management.

 

The team will be meeting with many of Strix's key customers and partners to discuss new projects, showcase new appliances and importantly, the fair provides significant market intelligence, allowing Strix to gain insight into consumer demand trends in the small domestic appliance market.  

 

Mark Bartlett, Chief Executive Officer of Strix Group Plc, commented: "We are very pleased to have reached another significant milestone for the Company, achieving 3 billion products manufactured is a clear demonstration of the ongoing demand within our core business. We continue to invest in our kettle control division, bringing to market innovative products for our customers around the world.

 

"Attending the Canton Fair is a major event in our annual calendar, providing us with the opportunity to meet with existing and new customers, as well as gaining important market insight as we move further into our peak season."   

 

For further enquiries, please contact:

 

Strix Group Plc	[phone]
Mark Barlett, CEO
Clare Foster, CFO
Zeus (Nominated Advisor and Joint Broker)	[phone]
Nick Cowles / Jordan Warburton (Investment Banking)
Dominic King (Corporate Broking)
Stifel Nicolaus Europe Limited (Joint Broker)	[phone]
Matthew Blawat / Francis North
Gracechurch Group (Financial PR and IR)	[phone]
Heather Armstrong / Claire Norbury / Harry Chathli

 

Information on Strix

Isle of Man based Strix, is a global leader in the design, manufacture and supply of kettle safety controls and other components and devices involving water heating and temperature control, steam management and water filtration.

Strix's core product range comprises a variety of safety controls for small domestic appliances, primarily kettles. Kettle safety controls require precision engineering and intricate knowledge of material properties in order to repeatedly function correctly. Strix has built up market leading capability and know-how in this field since being founded in 1982.

Strix is admitted to trading on the AIM Market of the London Stock Exchange (AIM: KETL). 

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