ELR
ELR
ELB Group Limited - Discontinuation Of Production At Certain Timber Plants
ELB Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1930/002553/06
ISIN : ZAE000035101
Share code: ELR
("ELB")
DISCONTINUATION OF PRODUCTION AT CERTAIN TIMBER PLANTS
As shareholders of ELB are aware, ELB Timbers continues to generate losses. Due
largely to the strong Rand it has not been possible to obtain the necessary
price increases to compensate for inflation and the substantial increase in raw
material and transport costs. It has therefore been decided to discontinue
production at the furniture components plant in White River and the Ultrabord
board plant at Malelane.
ELB Timbers will continue to produce veneer and plywood at its plants in
Lydenburg and White River as well as certain furniture components and packaging
solutions at its plant in Krugersdorp.
Boksburg
22 May 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 22/05/2006 10:28:08 AM Produced by the JSE SENS Department
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