Australia's K-Tig eyes best day in over a month on UK expansion

Metal Powder Works

12/07/2021 05:51

** Shares of welding technology maker K-Tig Ltd  KTG.AX 
rise as much as 7.7% to A$0.420, marking their biggest intraday
pct gain since June 2  
    ** Says will set up a UK-based unit Keyhole TIG, which will
follow in its U.S. unit's footsteps to form a strategic
partnership in Europe and have its own sales force  urn:newsml:reuters.com:*:nFWN2ON009
    ** Appoints an ex-KPMG officer Benjamin Hall as general
manager. He has previously worked in London as a strategic
consultant 
    ** Hall says his "first priority" will be to reach a formal
agreement in the nuclear waste storage market in the UK, then
expand collaborations in hydrogen storage
    ** Stock up 18.2% this year, as of last close

 (Reporting by Anushka Trivedi in Bengaluru)
 ((Anushka.Trivedi@thomsonreuters.com; +918061823241;))