March 21, 2017 / 8:50 AM / in 8 months

BRIEF-Sogefi to build factory in Morocco

March 21 (Reuters) - Sogefi SpA:

* Announces a plan to build a new factory in Morocco, the company’s first industrial site in Africa

* It has already received new orders for both the local market and the European market that will bring in additional annual sales of 30 million euros ($32.39 million) from 2020

* Potential business initiatives currently under negotiation could increase the size of the plant, giving annual sales of 60 million euros in 2021 Source text for Eikon: Further company coverage: ($1 = 0.9262 euros) (Gdynia Newsroom)

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