Brief: CTI Industries board approves acquisition of foil balloon converting machines

Yunhong Green Cti

03/01/2017 17:46

Jan 3 (Reuters) - CTI Industries Corp  CTIB.O  
    * CTI Industries Corporation board approves acquisition of 
foil balloon converting machines 
    * Machines are on order and are expected to be in production 
by April 2017 
    * "expect new converting machines to increase our production 
capacity for foil balloons by 25 pct to 30 pct" 
    * CTI Industries - expect efficiencies in cost as unit 
volume of production increases and as we produce some of our 
products at our plant in Guadalajara 
 
Source text for Eikon:  ID:nMKW1P6RWa  
Further company coverage:  CTIB.O  
 
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