Bullboard - Stock Discussion Forum Hammond Manufacturing Company Ltd HMFAF

Primary Symbol: T.HMM.A

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Hammond Manufacturing Company Limited is a Canada-based company, which is involved in the design, manufacture, and sale of electrical and electronic components. The Company manufactures a range of products for the electronic and electrical products industry, including metallic and non-metallic enclosures, racks, small cases, outlet strips, surge suppressors and electronic transformers. Its... see more

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TSX:HMM.A - Post Discussion

Hammond Manufacturing Company Ltd > Another expansion

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Post by HyperCube on Jul 02, 2024 4:31pm

Another expansion

Hammond Manufacturing is the first to buy into Fergus Business Park.

Alexander Sterling, executive vice-president of Hammond Manufacturing said that they bought 11.5 acres to build a plant that makes electtical enclosures.

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Comment by FormerHedgie on Jul 04, 2024 12:00pm

Can you provide the source of this? Any further commentary on when / how much will be spent? I was thinking a few days ago that I would really like to know what HMM's installed capacity utilization is? This would seem to suggest that they are operating at near capacity? Or, perhaps, just in this division?

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Comment by HyperCube on Jul 04, 2024 2:03pm

The source is eloraFergusToday. I don't know if that is a trustworthy source, but at first glance it seems ok. They don't give much details. I think we will have to wait until Q2 results are announced to get more information. They did say that the aim is for the facility to be operating by 2026.

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Comment by FormerHedgie on Jul 05, 2024 9:24am

Thanks for sharing the additional details.

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Comment by HyperCube on Oct 29, 2024 7:21pm

In today's MD&A, page 6: "This quarter we secured 11.49 acres of industrial site in Fergus Ontario for $5,200,000. The site will allow for future expansion and growth when the time is right."

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