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BRIEF-Novita plans to invest 55.3 mln zlotys in new production line
June 14, 2017 / 10:58 AM / 3 months ago

BRIEF-Novita plans to invest 55.3 mln zlotys in new production line

June 14 (Reuters) - NOVITA SA:

* 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: Further company coverage: (Gdynia Newsroom)

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