DX investing £3.6m in depot upgrades
28/11/2022 07:00
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RNS Number : 6893H DX (Group) PLC 28 November 2022
28 November 2022
AIM: DX.
DX (Group) plc
("DX" or "the Group" or "the Company")
DX investing £3.6m in depot upgrades
DX, the provider of delivery solutions, including parcel freight, secure
courier, and logistics services announces, as part of its overall investment
programme, it is investing £3.6m into upgrading its existing depot network.
These funds are already being deployed and investment is expected to be
completed by early July 2023, supporting the Group's ambitious growth plans.
This is in addition to the substantial investment under way in new depot
openings.
DX is implementing major improvements across its nationwide depot network.
These have led to increased capacity, improved productivity, and raised
efficiency levels. In the DX Freight division, which specialises in the
delivery of irregular dimension and weight items, upgrades are under way or
have been completed at depots in Exeter, Middlesbrough, Northampton, Plymouth,
and Thatcham. DX has installed new raised docks, expanded loading areas, and
made energy efficiency improvements. In the DX Express division, which handles
documents and parcels, significant upgrades have been made at Gatwick and at
the national hub in Nuneaton. These include additional mechanisation as well
as environmental initiatives.
DX opened eight new depots over its last financial year, and by the end of its
current financial year, in July 2023, the Group expects to have opened a
further eight new sites. DX is in the second year of a major three-year
investment programme, which is anticipated to invest £20m-£25m across the
Group. This investment encompasses expanding the depot network, vehicles,
parcel handling equipment, and IT.
Mark Hammond, Executive Chairman of DX (Group) plc, commented:
"We have ambitious growth plans and the significant investment we are making
in our depot network - both in new and existing sites - will underpin
continued growth and improvements to customer service and operational
efficiencies.
"Our depot upgrade programme is well under way across both our divisions, DX
Freight and DX Express, and we are on course to complete around £3.6 million
of investment in existing depots by early July 2023, with additional
substantial investment going into new depot openings at the same time."
Enquiries:
DX (Group) plc T: 020 3178 6378 (c/o KTZ
www.dxdelivery.com (http://www.dxdelivery.com) Communications)
Mark Hammond, Executive Chairman
David Mulligan, Chief Financial Officer
KTZ Communications T: 020 3178 6378
Katie Tzouliadis/Dan Mahoney
NOTES TO EDITORS:
About DX (Group) plc
www.dxdelivery.com
DX is a well-established provider of a wide range of delivery services to both
business and residential addresses across the UK and Ireland. Established in
1975 as a Document Exchange service to the legal sector, DX now provides one
of the widest ranges of overnight delivery services in the market, as well as
comprehensive logistics services. The business transports items ranging from
confidential documents to large, awkward-to-handle freight that is unsuitable
for standard conveyors.
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