Brief: Novita plans to invest 55.3 mln zlotys in new production line

Novita SA

14/06/2017 11:42

June 14 (Reuters) - NOVITA SA  NVT.WA : 
    * DECIDES TO BUY SPUNLACE PRODUCTION LINE AND MODERNIZE ASSOCIATED BUILDING INFRASTRUCTURE 
    * TOTAL INVESTMENT COST AT 55.3 MILLION ZLOTYS 
    * TO FINANCE 37 PERCENT OF INVESTMENT FROM OWN RESOURCES AND 67 PERCENT FROM BANK LOAN 
    * EXPECTS TO LAUNCH NEW PRODUCTION LINE IN Q1 2019 
    * NEW PRODUCTION LINE TO INCREASE CO'S SPUNLACE NON WOVEN FABRIC PRODUCTION CAPACITY NEARLY 
FOURFOLD 
 
Source text for Eikon:  ID:nEM1409988  
Further company coverage:  NVT.WA  
 
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