Brief: Borregaard sees lower investments ahead, little impact from U.S-China trade war

BORREGAARD ASA

18/09/2018 09:10

Sept 18 (Reuters) - Executives at biochemical firm
Borregaard BRGD.OL  made the following comments on its capital
markets day on Tuesday:
    * BORREGAARD'S CFO SEES TOTAL IMPROVEMENT OF NOK 100 MILLION
FROM
ONGOING AND NEW INITIATIVES AT SARPSBORG PLANT
    * BORREGAARD'S CFO SAYS U.S.-CHINA TRADE WAR WILL ONLY HAVE
SMALL
IMPACT ON THE FIRM
    * BORREGAARD CEO: IN THE NEXT FEW YEARS YOU WILL SEE MUCH
LOWER
CAPEX THAN THE $125 MLN INVESTMENT IN FLORIDA AND NOK 500 MLN IN
NORWAY  
    * BORREGAARD CEO: IF WE DECIDE TO INVEST IN NEXT PHASE IN
FLORIDA
PLANT IT WILL COST $25 MLN FOR 50,000 TONNES VS $110 MLN FOR
100,000 TONNES IN THE FIRST PHASE WHICH CAME ON STREAM IN MID
2018
    * BORREGAARD CEO: ALSO POTENTIAL MORE EXPANSION AT SARPSPORG
PLANT
IN NORWAY WILL BE AT SIGNIFICANT LOWER CAPEX 

Further company coverage:  BRGD.OL 

 (Reporting By Ole Petter Skonnord)
 ((olepetter.skonnord@thomsonreuters.com;))