Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Thermal Energy International Inc V.TMG

Alternate Symbol(s):  TMGEF

Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to the fortune 500 and other multinational companies. It operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. It markets, sells, engineers, fabricates, constructs, installs and supports two technology lines, such as heat recovery solutions, including direct contact heat recovery solutions (FLU-ACE), indirect contact heat recovery solutions (HEATSPONGE and SIDEKICK), and condensate return system solutions (GEMTM steam traps). It is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). Its solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations. It has two primary operational bases of operation, one in Ottawa, Canada and the other in Bristol, United Kingdom, covering Europe and the rest of the world.


TSXV:TMG - Post by User

Comment by canyousayiiion Apr 07, 2021 10:48am
121 Views
Post# 32948931

RE:RE:10,000 to 25,000 sq. ft increase in manufacturing space

RE:RE:10,000 to 25,000 sq. ft increase in manufacturing spaceSomething like this could usually imply a couple of things. The first one is needing more space to satisfy a larger demand. That is the revenue side. Potentially producing more of all the products in-house as opposed to subcontracting will hopefully offset the costs of more equipment and larger space and contribute to lowering manufacturing costs i.e. increasing our own gross margin. So, financially, the benefit to the bottom line could come from two different line items on the income statement. Hopefully that is why the decision to move to larger facility was made, not taking into account that the Biden growth plans may be more easily tapped into by having a larger footprint in the US and therefore contributing to their economic growth as well.
<< Previous
Bullboard Posts
Next >>