Universal Cables Limited has informed the Exchange that the Board of Directors of the Company has accorded its approval for the execution of the Manufacturing Agreement by and between the Company and TS Conductor Corp, USA.
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Universal Cables Limited's Board of Directors has approved entering into a Manufacturing Agreement with TS Conductor Corp, a USA-based company. This is a strategic partnership where Universal Cables will likely manufacture products for or in collaboration with TS Conductor Corp. The agreement marks the company's expansion of its manufacturing footprint into international partnerships. Specific financial terms, production volumes, or investment details have not been disclosed in this filing.
This partnership with a US-based firm could open new revenue streams and strengthen Universal Cables' position in the global market. Shareholders should watch for further details on the scale and commercial terms of the agreement, as it could positively impact growth prospects.