Brief: Duroc Invests In Equipment For Production Of Coated Textiles

Duroc AB

20/04/2022 08:59

April 20 (Reuters) - Duroc AB  DURCb.ST :
    * DUROC INVESTS IN EQUIPMENT FOR THE PRODUCTION OF COATED
TEXTILES
    * FRENCH UNIT WITHIN COTTING GROUP, GRIFFINE SA, WILL INVEST
APPROXIMATELY SEK 110 MILLION IN A NEW PRODUCTION LINE FOR
PRODUCTION OF COATED TEXTILES
    * INVESTMENT INCLUDES ABOUT SEK 30 MILLION OF PREVIOUSLY
ANNOUNCED
INVESTMENT
    * INVESTMENT WILL BE FINANCED PARTLY FROM OWN FUNDS AND
PARTLY
WITH LOCALLY RAISED DEBT
    * PRODUCTION LINE START-UP IS EXPECTED TO TAKE PLACE IN LATE
2023

Source text for Eikon:  ID:nWkr8zcLRW 
Further company coverage:  DURCb.ST 

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