MND : MND expands its avalanche barrier product range
The MND Group (FR0011584549, MND), an innovative developer of mountain and urban mobility solutions, is listed on the Paris Euronext regulated market, compartment C.
World no. 1 in remote preventive avalanche-release systems for over 20 years, MND, via its subsidiary TAS, is expanding its recently launched avalanche barrier product range.
Focusing on protecting ski slopes, access runs, villages and mining facilities, the recently completed range includes three major product categories:
- NF*-certified Menta® flexible netting developed in compliance with extremely stringent Swiss standards.
- NF-certified Massaro® rack and grille snow fences, developed under Swiss standards. These products can be manufactured in galvanized steel, Corten (a high resistance steel alloy), wood or a wood/steel mix.
- Single anchor systems.
*NF = Norme Française, French product certification standards
This complete range will allow MND to expand its product and service offering for existing customers and will open up an additional world market the Group believes is worth some €30 million.
TAS's recent projects include installing rack fences in the Val-Thorens resort and on the Celliers access road, wooden grille fences in Val d'Allos and Menta® nets in Hospitalet, Les Ménuires and Granier. Other avalanche protection projects are in the pipeline in Andorra, Gavatxa and Pic San Miguel.
Vincent Helary, head of TAS operations, commented: "Completing our avalanche barrier product range certainly represents another strong selling point. Throughout the world, mountain resort developers are focusing increasingly on human safety and protection equipment. Our product range meets a broad range of challenges and is sufficiently flexible to cover all requirements. As such we will be able to offer a total package, which may be combined with other Group products".
MND shares are eligible for SME private equity plans
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|ABOUT MND GROUP
The MND Group has been based at Sainte Hélène du Lac (Savoie), in the very heart of the French Alps, since 2004. MND is one of the few market players to have a global range of products and services dedicated to the development, equipping and protection of ski resorts, leisure areas and other mountain infrastructure.
Buoyed by its industrial expertise in the mountain cable transport market and by innovative technology protected by worldwide patents, the MND Group has strong growth potential in the urban cable public transport field, where it offers an unobtrusive alternative mode of urban transport.
With four manufacturing plants in Europe (France, Germany and Sweden), eight distribution subsidiaries and 50 distributors worldwide, the MND Group has 264 employees and almost 3,000 customers in 49 countries.
The MND Group reported pro forma revenues of €58 million, of which 65% was generated abroad in 2012/2013 (year ended 31 March).
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