Founded in 2007, RM2 is a vertically-integrated innovator in pallet development, manufacture, supply and management. Recognising that there are significant costs and drawbacks associated with traditional pallets, RM2 has established a disruptive presence in global pallet supply and aims to improve the supply chain of manufacturing and distribution businesses through the effective and efficient use and management of composite pallets.

RM2 has designed and manufactured the BLOCKPal™ pallet, a multi-trip, heavy duty composite pallet that is suitable for use in both automated and manual areas of the supply chain where there are high levels of movements. The composite material and the associated manufacturing process is designed to bring qualities of strength, durability, flexibility and scale of production as well as other benefits. The BLOCKPal™ pallet has been independently tested by leading institutions and has been shown regularly to outperform comparable products and industry standards.

RM2 aims to change the way its customers look at pallets from a consumable to an asset that can generate significant accretive profit margin. To do this, we align ourselves with potential customers – typically large manufacturing, distribution and retail businesses – to provide an integrated solution to their pallet and pallet movement needs, whilst interacting with other logistics partners, as necessary. RM2’s products have been developed in consultation with these customers and are designed to provide receivers of goods with greater visibility over costs and the ability to reduce the direct and indirect costs associated with inbound goods movements.

RM2 can supply its pallets and the associated services on a rental basis to closed loops or by outright sale and its production method is versatile enough to easily supply standard or bespoke pallets.


http://www.rm2.com/main.php

this is a better class of REM :-) but nevertheless one that will require locking away

Why the rise ?

don't know .... i've held for a while probably at much higher price
i happen to like the technology and logic and it's something i actually understand for once

Reading Shares 10 Nov -Imminent news from pallet maker RM2 International (RM2:AIM) could help it regain the market’s interest. Buy at 27.5p. The £110m business looks to have fixed its problems and should soon announce its lower-cost production line in Mexico is up and running. It has also bagged contracts with big names including Unilever (ULVR) and Nestle (NESN:VTX).

Manufacturing operations update
RNS
RNS Number : 5794S
RM2 International SA
22 December 2016
 
22 December 2016
RM2 International S.A.
 
Manufacturing operations update
 
RM2, the sustainable composite pallet innovator, is pleased to update shareholders on progress at its new manufacturing operations in Mexico and China. 
Both initiatives are on track.  Pultrusion began in Mexico this month and the finished BLOCKPal product will be available in January.   The Company has agreed with its manufacturing partner, Jabil Circuit Inc (Jabil), the specific monthly ramp-up of production during the first half of 2017 with full production in Mexico expected in Q3 2017.  The process in China is approximately 10-12 weeks behind Mexico.
Kevin Mazula, COO and Head of Manufacturing at RM2, commented:  "We are extremely grateful for the commitment and co-operation we have received from our partners Zhenshi in China and Jabil in Mexico.   As a result of the swift progress we have made we are very confident that we will meet the deployment timetables that we outlined to our customers in North America."
John Walsh, RM2's CEO commented: "It is very gratifying to report that both these operations are well on track. Our strategic partnerships with Zhenshi and Jabil have transformed RM2's long term manufacturing cost base and capabilities. We now have excellent visibility for cost efficient production and volumes during 2017 and beyond.  I look forward to giving a further production update in Q1 2017."

my modest sipp stake is significantly down, but i have always liked and understood the concept of this product, so just perhaps this is the end if the beginning rather than the reverse

Perhaps 2017 will be the company year ?

UP 21% TODAY, Last update received well.

RM2 Product Approved by Major US Retailer

RNS


RNS Number : 7917V

RM2 International SA

02 February 2017




2 February 2017





RM2 International S.A.

("RM2" or the "Company")



RM2 Product Approved by Major US Retailer



RM2 (LSE-AIM: RM2), the sustainable composite pallet innovator, is pleased to announce that its BlockPalTM pallets have been approved by one of the largest US retailers for use by its suppliers, effective from 1 February 2017.

The Board is highly encouraged by this development, which represents a significant milestone for the validation of the BlockPalTM product and significantly enhances its profile and potential customer base.

Proactive investor - Shares in RM2 International (LON:RM2) collapsed on Monday afternoon after the pallet manufacturer dropped plans to raise £60mln.
RM2 announced its intention to raise the cash back in last month’s annual results, but said today that the raise would not be in the “best interests of the company and its shareholders”.

The money was originally earmarked to cover the costs of the business through to the end of the year after which a larger additional placing would be arranged, but RM2 will now look at other options.
In today’s statement, the AIM-quoted group said: "The board continues to pursue various other financing alternatives, which may include the issuance of equity and/or debt instruments.”
Shares tumbled by 36.6% to 8.4p.

Looks like this turned out to be a dog .

i'm afraid so
i really liked the concept and had high hopes of it, but i fear this will end in tears and dust

StockMarketWire.com
Pallet provider RM2 International said it has not yet been able to secure sufficient funding to provide a production forecast for its Chinese manufacturing partner Zhenshi.

The company had stated in September that it intended to provide a 12-month production forecast by the end of November.

"The board remains confident of the company's ability to obtain funding upon receipt of purchase orders for ELIoT-enabled smart pallets," it said.

"This follows positive feedback received from trials undertaken by a number of potential customers in North America over the last few months and discussions with several Fortune 500 customers who have expressed an interest in the pallets."

RM2 said it expected to have sufficient cash to continue operating through January 2018.

"The company continues to advance its discussions with potential funding partners and will provide further updates as and when appropriate," it said.

"The company remains committed to further reducing its overheads and continues its efforts to monetise, to the extent possible, certain historical assets."

Is this going to become a casualty?

i'm afraid it looks that way
the concept was really good but clearly the execution was not

Above 70p in 2015.

great concept, but clearly bad management execution ..... very sad

A real shame. Mind you we are 4 yrs older since the opening of this thread, seems like yesterday. :-))

Financial Position and Product Update
RNS
RNS Number : 2300H
RM2 International SA
09 March 2018

9 March 2018
RM2 International S.A.

Financial Position and Product Update
RM2 International S.A. ("RM2" or the "Company"), the sustainable smart pallet innovator, provides the following update regarding its financial position and customer relationships.
The Company continues to proactively transition the business to focus on IoT technology in pallet applications, servicing its existing customers and developing new relationships with certain Fortune 500 companies.
As a part of that transition, the Company will continue to reduce resources and investments in non-core, non value-add activities so that it can increase its investment in service.
The Company is now pleased to report that, following the sale of a non-core office building in Switzerland and repayment of the related mortgage, it received net proceeds of approximately $2 million and is therefore able to extend its cash resources to continue operating through mid-April based on information available to it today. The timeframe is dependent on the outcome of ongoing discussions with third parties, including manufacturing partners and sources of financing.
The Company is in advanced stages of financing discussions with the support of its existing shareholders and will announce developments to the market at the earliest possible opportunity.
Product Update
Trials of RM2 ELIoT smart pallets are producing remarkable results for customers' supply chains in North America. The RM2 ELIoT proprietary tracking technology communicates the precise location of specific pallets, allowing misdirected or mishandled goods to be identified immediately, permitting customers to reduce loss, mishandling, spoilage and theft, thereby creating significant cost savings and supply chain efficiencies.
Significant opportunities with Fortune 500 companies are in final trial phases. The conversion of a subset of these opportunities, deployed and financed on schedule, is expected to result in the Company generating positive EBITDA in 2019.

The Company is also proud to report that the RM2 ELIoT Pallet won Material Handling Product News' 2017 Product of the Year award in the category of Packaging and Pallets. This prestigious industry award honors those products and companies whose innovations have improved materials handling systems and equipment within manufacturing, distribution centres and warehouses.

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