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16/04/2013

Kells Stainless And UMDE Sign Agreement

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Meath based Kells Stainless Limited and Turkish Engineering Company UMDE have announced that they have signed a strategic alliance agreement.

The agreement covers the development of a Bio Mass system to convert bio degradable waste to high grade fertiliser, and nutrients for power generation.

A pilot plant is now at the advanced planning stage, and will bring together technology developed by Kells and UMDE. The pilot plant will showcase the system and commercial benefits to the agricultural, dairy and bio degradable waste sectors initially in Turkey and Ireland. A number of people will be involved in the project in Ireland and in Turkey, with plans to increase employment significantly as the project is developed and gains momentum.

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Welcoming the agreement the Tánaiste said: "Kells Stainless has built up an enviable reputation for excellence in engineering from its base in Ireland. This agreement allows Kells to increase its reach into a fast growing region with an excellent local partner, and is good for the growth of jobs both in Ireland and Turkey. It is hugely encouraging to see what companies like Kells Stainless have achieved in Turkey, confirming just how significant the opportunities are for ambitious Irish companies to do business in this growing and thriving market."

Speaking after the signing, Kells Stainless MD, John McKeon said: "This is a great combination of both our companies’ talents and expertise in developing this process, and will have great benefits to both our countries."

(CD)

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