Brief: Bergs Timber Consolidates The Sawmill Production

Bergs Timber AB (publ)

27/02/2019 12:11

Feb 27 (Reuters) - Bergs Timber AB (publ)  BRGb.ST :
    * BERGS TIMBER CONSOLIDATES THE SAWMILL PRODUCTION AND
INCREASE
EFFORTS IN FURTHER PROCESSING
    * IN SWEDISH OPERATIONS, SAWMILLING WILL BE CEASED AT PLANT
IN
BROAKULLA.
    * SAWMILLING IN BROAKULLA WILL PROVISIONALLY CEASE BEFORE
SUMMER
    * 3 MSEK WILL BE INVESTED IN AUTUMN.
    * UNIT WILL BE A PART OF BITUS, GROUP'S SWEDISH PART OF OUR
NEW
BUSINESS AREA FURTHER PROCESSING
    * IN COMPANY LAESTI, ALL SAWMILLING AND PLANING AT SAVI
PLANT WILL
CEASE
    * AT SAUGA PLANT, AT SAME TIME ABOUT SEK 10 MILLION WILL BE
INVESTED IN NEW, CAPACITY-INCREASING LOG INTAKE
    * TWO CHANGES ARE EXPECTED TO GIVE AN ANNUAL EFFICIENCY
IMPROVEMENT OF SEK 20 - 25 MILLION
    * REINVESTMENT REQUIREMENT DECREASES AND WORKING CAPITAL IS
RELEASED.
    * SAYS MANY EMPLOYEES ARE AFFECTED IN ESTONIA

Source text for Eikon:  ID:nWkr6DbhwM 
Further company coverage:  BRGb.ST 

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