Brief: ProfilGruppen new joint venture with WIP Industries Sweden signs contract
10/04/2015 07:42
April 10 (Reuters) - ProfilGruppen AB PROFb.ST :
* Has signed a contract regarding supply of interior details
based on customized aluminum profiles finally packed for end
customer
* Says contract lasts over a number of years starting in
2016 with an estimated turnover of over 200 million Swedish
crowns ($22.85 million) per year
* Contract has been signed through a separate subsidiary
which is jointly owned with WIP Industries Sweden AB
* Ownership in the new joint venture is 70 percent for
ProfilGruppen Extrusions AB and 30 percent for WIP Industries
Sweden AB
* Expects to recruit about 25 employees to concerned company
Source text for Eikon: ID:nWkrdj2307
Further company coverage: PROFb.ST
($1 = 8.7528 Swedish crowns)
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))