Brief: Nobia to invest 2 bln SEK in new highly automated production plant
04/12/2019 07:36
Dec 4 (Reuters) - Nobia AB NOBI.ST :
* NOBIA AB: NOBIA TO INVEST IN HIGHLY AUTOMATED PRODUCTION
PLANT
IN SWEDEN
* NOBIA SAYS BOARD OF DIRECTORS HAS TODAY MADE A DIRECTIONAL
DECISION TO INVEST IN A NEW PRODUCTION PLANT IN JÖNKÖPING,
SWEDEN, TO REPLACE NOBIA'S EXISTING FACTORY IN TIDAHOLM IN 2024
* NOBIA SAYS INVESTMENT IN AUTOMATION AND OTHER PRODUCTION
EQUIPMENT IS ESTIMATED AT SEK 2 BILLION
* NOBIA SAYS AS A RESULT OF THE DECISION, NOBIA HAS STARTED
CUSTOMARY UNION NEGOTIATIONS
* NOBIA SAYS NOBIA'S FOURTH-QUARTER 2019 EARNINGS WILL BE
CHARGED
WITH PROJECT COSTS, IT PRE-STUDIES AND ENVIRONMENTAL
CERTIFICATION RELATED TO THE PROPOSED INVESTMENT
* NOBIA SAYS TOTAL COSTS AMOUNT TO ABOUT SEK 30 MILLION AND
WILL
BE INCLUDED IN GROUP-WIDE COSTS
* NOBIA SAYS ALL EMPLOYEES IN TIDAHOLM WILL BE ENSURED A
RESPONSIBLE TRANSITION PERIOD AND OFFERED EMPLOYMENT AT THE NEW
FACTORY
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