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

them ain't wood dad, and that's the whole point

80% glass

I could not see turnover in their figures. I could see a growing loss.

cynic you misunderstood existing pallets are made of wood, surely you can remember GKN selling off CHEP?

For those that are not in the know, the company purchased the tracking company last year. The pallets can have a tracking system inserted to keep track of them.

====================================================

Shares - We like the company’s strong cash position, big customer names and well-connected board.

As we highlight in the article, longer-term this could be an attractive dividend stock because of the significant cash flow potential from pallet rental agreements. You’ll need to be a subscriber to read the full story. Those not already signed up can get an introductory offer via this link.

The business raised cash at 88p. Today’s share price rise means RM2 is now valued at £334 million. The Daily Mail has picked RM2 as one of its top share tips for 2014.

misunderstood you hali
i do indeed remember CHEP, and if i am not much mistaken it fell apart and became matchsticks :-)

tracking
i'm very surprised that RM2's clients are happy to have a tracking device embedded (and thus stealable too i'ld guess) as it potentially impinges on the confidentiality of their business

Read 167 pages of the company admission document yesterday and decided to sit tight and watch. Cynic the company states you would have to smash the pallet to remove the tracking device.

confidentiality is the main issue; it's one of the reasons we have never (even thought of) fitted them to our iso-tanks and even the bog standard ones are worth more than few 00 pallets

That's a point. I must confess I would not know what info they hold. Perhaps more than location?

location is pretty much everything with pallets - e.g. no product temp records and similar required
now guess who holds the master system for the tracking?
now you know why the risk to confidentiality

Interesting.

cynic CHEP is very much in business and manufacture and supply all types of pallets including plastic for aviation use, try looking at their web site if you are still interested in RM2.

which was the company that lost a fortune with them then?

probably the one which lost all their pallets like Sea Containers.

ah, is that the one .... they're sort of competitors of ours in iso-tanks but they seem to keep a pretty low profile nowadays

Didn't buy in ,like you DC i'll watch this one for a while

I'm thinking we have been sensible on this one jimmy b. There are plenty more fish in the sea, its just catching them. :-))

the concept of these composite pallets is very interesting and innovative .... i'll see if any of my contacts move stuff by pallet and therefore have a view

If you read the IPO thread cynic you'll see roughly how this works . Tracking is nothing new most groupage pallets can and are tracked.

i know exactly how tracking works and how long it has been around, but certainly our clients would have strong objections, and quite rightly so
i certainly like the concept, but i'ld like to get some feedback from real end-users - i.e. clients of ours (if any) who move stuff internationally on pallets