Posts Tagged ‘SYP’

ASX Company News: Style Limited Launches Transportable Factory

Thursday, November 17th, 2011

Australian environmental flooring company, Style Limited (SYP),  announced an innovative plan to expand its production base to other parts of the world with a unique transportable factory that mirrors its China manufacturing base. The “mobile” manufacturing breakthrough follows a 12-month research program undertaken by Style in partnership with Flinders University’s Molecular Technologies Research Centre in Adelaide, South Australia and partly funded by the Australian Federal Government. The result is the development of a “transportable strand woven factory” that can be installed to existing wood finishing factories anywhere in the world to manufacture strand woven products using locally available soft wood species such as Poplar in the United States or Blue Gum in Australia.

Style’s Chief Executive Officer, Mr Peter Torreele, said the partnership with Flinders University has now developed a model for an exportable and economically viable manufacturing cell to produce strand woven products outside of China, by designing an international block factory with a similar cost base to China due to advanced automation. “The model has been designed to be an “add-on module” to existing wood flooring finishing factories anywhere in the world and we are in discussions with wood flooring manufacturers to form strategic partnerships for licensing of this patented technology, thereby creating a new revenue stream for the Company,” Mr Torreele said.

Style Limited (SYP) is an Australian listed company with headquarters in Melbourne, its manufacturing base in the Zhejiang province in China and sales offices in the USA, Europe, China, Australia and South Africa. Style was founded in 2004 and specializes in the Research and Development, manufacturing and marketing of “green” flooring products based on its strand woven technologies.

www.stylelimited.com

http://www.traderdealer.com.au/fundamentals/syp

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ASX Company News: Style Limited Enters Manufacturing Agreement

Friday, September 3rd, 2010

Environmentally friendly flooring company, Style Limited (SYP), is pleased to announce that it has signed  a  cooperative  manufacturing  agreement  with  Anji  QiChen  Bamboo  Industry  Company, Ltd., with the objective of becoming a leader in strand woven bamboo manufacturing in China.

QiChen is an Anji based manufacturer of bamboo flooring products, employs around 300 employees and has  a  factory  capacity  of  1 million  sqm.  The  company  is  among  China’s  leading  manufacturers  of bamboo flooring;  its  facilities  are  located  1km  from  Style’s  wholly  owned  production  plant,  Anji Yafeng Bamboo Products Ltd (AYF).  QiChen has been a Style block supplier since 2006. QiChen  is  a  vertically  integrated  manufacturer  (from  bamboo  strips  to  finished  product)  with particular strengths in block production and supply chain management.

Peter  Torreele,  Chief  Executive  Officer  of  Style,  commented  “This  agreement  enables  Style  and QiChen  to  bring  their  complementary  strengths  together  and  create  a  dynamic  and  efficient manufacturing base benefiting from full vertical integration, exceptional quality control and strong R&D. “

The  QiChen  Agreement  allows  both  companies  to  enjoy  economies  of  scale  by  sharing manufacturing assets and management expertise.  Via this agreement, strand woven blocks will be produced in QiChen facilities while finished flooring will be produced in Style’s AYF facility.

www.stylelimited.com

http://www.traderdealer.com.au/Fundamentals/syp

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Style Limited Secures Russian Distribution Agreement

Wednesday, June 9th, 2010

Style Limited (SYP) is pleased to announce that it has signed a distribution agreement with OPUS to distribute Style’s specialised products throughout the Russian Federation. The agreement with OPUS provides a professional platform for direct sales of Style’s proprietary strand-woven products, including its recently released RESTYLE and Style Engineered collections of highly durable, environmentally focused flooring. OPUS is one of Russia’s leading distributors of decoration materials, and operates from 11 locations throughout all of Russia’s major cities. OPUS distributes flooring products from leading manufacturers worldwide, and employs over 170 sales people providing immediate nationwide distribution of its brands to retailers within 72 hours. OPUS focuses on developing long-term strategic relationships with its partners, and Style is honored to be selected as an OPUS brand partner.

www.stylelimited.com

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