Brief: Bulten Moves And Expands Its Manufacturing Facility In Taiwan

Bulten AB

04/08/2020 15:08

Aug 4 (Reuters) - Bulten AB  BULTEN.ST :
    * BULTEN MOVES AND EXPANDS ITS MANUFACTURING FACILITY IN
TAIWAN
    * HAS SIGNED A LEASE CONTRACT ON A MANUFACTURING FACILITY IN
TAIPEI THROUGH ITS SUBSIDIARY PSM FASTENERS TAIWAN LTD
    * CURRENT OPERATION OF PSM TAIWAN WILL BE MOVED TO NEW
LOCATION
DURING FALL OF 2020.
    * LEASE RUNS FOR A PERIOD OF FIVE YEARS WITH OPTIONAL
EXTENSION
    * ONE-TIME TRANSFER COSTS WILL BE APPROXIMATELY 4 MSEK AND
INCREMENTAL RECURRING LEASE COST WILL BE APPROXIMATELY 1.8 MSEK
PER YEAR

Source text for Eikon:  ID:nNDLBLc8T 
Further company coverage:  BULTEN.ST 

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