Evion Group's major sales announcement

Evion Group NL (ASX: EVG) has secured its first sales, amounting to A$2 million, from its expandable graphite joint venture near Pune, India. The joint venture, a 50/50 partnership, has completed production testing, allowing for full-scale production. The company plans to produce 400 tonnes of expandable graphite in the next 10 weeks, with 386 tonnes already contracted for European buyers.

Overview and future outlook for Evion Group

Evion Group NL has announced its first secured sales of A$2 million from its expandable graphite joint venture operations in India. The joint venture has entered full-scale production with plans to produce 400 tonnes of expandable graphite over the next 10 weeks. The initial sales contract for 386 tonnes to European buyers is set to generate over A$2 million in revenue. With sales prices exceeding US$3,000 per metric tonne and a robust operating margin, the joint venture is well-positioned to capitalize on the growing global demand for expandable graphite. The company is also exploring expansion plans to increase production to 4,000 tonnes per year. Evion aims to secure long-term contracts as demand is projected to rise, driven by industries like EVs, aerospace, and electronics. The company is also working on securing necessary permits for its Madagascar operations and pursuing European Union grant support.

Executive commentary on sales success

This is a significant milestone for the Evion Group as we have successfully secured our first sales from the joint venture. The initial phase is expected to generate substantial revenue, and we anticipate signing further contracts to meet the growing demand for expandable graphite.