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Iofina kicks off construction of IO#7 at new site

Tom Becker, chief executive of Iofina plc (LON:IOF) tells Proactive their newest iodine production plant will be called IO#7 and will be built in the core area of the company’s current Oklahoma operations.

The new plant will be based around the existing IO#3 plant, which was hitherto Iofina’s highest cost per kilo plant.

As IO#7, though, the new plant will have similar production capabilities and cost structure to Iofina’s lowest per kilo production cost plant.

 

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