Brief: AIA Engineering Says Unit To Establish Facilities In China And Ghana
Jan 16 (Reuters) - AIA Engineering Ltd AIAE.NS :
* UNIT VEGA ME TO ESTABLISH FACILITIES IN CHINA AND GHANA
* TO ESTABLISH FACILITIES FOR MANUFACTURE OF HI-CHROME
GRINDING
MEDIA
* VEGA ME EVALUATING INDONESIA AND OTHER LOCATIONS FOR
FACILITIES
* PROPOSED CAPACITY ADDITION OF 100,000 MTPA
* INVESTMENT REQUIRED APPROXIMATELY $50 MILLION, CAPACITY TO
BE
ADDED WITHIN 3 YEARS
Source text: ID:nBSE7DgVqQ
Further company coverage: AIAE.NS
((Reuters.Briefs@thomsonreuters.com;;))
Recent news on AIA Engineering
See all newsBrief: AIA Engineering Consol Net Profit 3.93 Billion Rupees
Brief: AIA Engineering Ltd Says No Disruption In Fuel Availability, All Plants Operating Normally
Brief: AIA Engineering Dec-Quarter Consol Net Profit 2.94 Billion Rupees
Brief: Aia Engineering June-Quarter Consol Net Profit 3.05 Billion Rupees
Brief: Aia Engineering Says Brazil Reduces Countervailing Duty On Indian Grinding Media To 2.90%