CLG.ASX: Receives IMMEX approval for Mexicali plant

Receives IMMEX approval for Mexicali plant

Stock	Close the Loop Ltd (CLG.ASX)
Release Time	24 Mar 2025, 9:08 a.m.
Price Sensitive	Yes

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Close the Loop receives IMMEX approval for Mexicali plant

Key Points

Received approval from the Manufacturing, Maquiladora, and Export Services Industry Program in Mexico (IMMEX) to begin processing product at the Mexicali Plant
Mexicali Plant has been operationally ready for several months and will begin processing inventory from April 2025
Opening of the Mexicali Plant is an important step in Close the Loop's expansion in the ITAD sector

Full Summary

Close the Loop Limited ('Close the Loop' or the 'Company') (ASX: CLG), the circular economy industry leader, is pleased to announce that it has received approval from the Manufacturing, Maquiladora, and Export Services Industry Program in Mexico (IMMEX) to begin processing product at the Company's Mexicali Plant, near the US-Mexico border. The Mexicali Plant has been operationally ready for several months and, with IMMEX approval now received, the Company will now begin processing inventory from April 2025, ramping up production volumes in Q4 FY25 and with an expected material impact on revenue for FY26. The opening of the Mexicali Plant is an important step in Close the Loop's expansion in the ITAD sector. This facility will help support the Company's OEM partners with certified refurbished product and services.