Goodwin PLC Product Innovation (8210U)
02 Abril 2019 - 2:27AM
UK Regulatory
TIDMGDWN
RNS Number : 8210U
Goodwin PLC
02 April 2019
Goodwin PLC ("Goodwin", or the "Group")
Product Innovation
World's First Silica Free Jewellery Investment Casting
Powder
Goodwin PLC is pleased to announce that its subsidiary Goodwin
Refractory Services Limited, the technical core of the Group's
seven investment casting powder manufacturing companies around the
world, has finally developed a silica free investment casting
powder for which it has applied for a patent to protect its
technology.
This new investment casting powder can be used by jewellery
manufacturers to cast Gold, Silver and Brass jewellery castings
without them having to change any of their existing equipment,
processes or infrastructure. This breakthrough is the conclusion of
over six years of research and development work by the Group and
will allow jewellery casting manufacturers to work in an
environment free of respirable silica, which will remove a major
health risk should end users not conscientiously wear the
recommended breathing protection apparatus.
This new invention will allow the Group to address the jewellery
investment casting manufacturing market in the USA as, until now,
it has been corporately forbidden for any Goodwin group company to
sell products containing respirable silica into the USA.
This new product will assist Goodwin's seven jewellery
investments casting powder manufacturing companies to further
extend their global market share in the jewellery investment
casting powder market where their share already exceeds 50%. As the
new silica free product is a premium product, not only in quality
but also on safety considerations, it should allow for further
improvement in gross margin and profits earned in the Goodwin
Engineering Refractory division over the coming years.
Enquiries: Jenny Martin, Company Secretary +44 (0)1782 220332
2nd April 2019
LEI: 213800N4T1NMSJ57B322
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END
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