Brief: Ferronordic To Invest In Component Remanufacturing Center

Ferronordic AB

06/05/2019 11:05

May 6 (Reuters) - Ferronordic Machines AB  FNMA.ST :
    * FERRONORDIC TO INVEST IN COMPONENT REMANUFACTURING CENTER
    * WILL INVEST SEK 35M IN A CENTER FOR REMANUFACTURING OF
ENGINES
AND GEARBOXES IN EKATERINBURG
    * INVESTMENT IS EXPECTED TO HAVE SOME NEGATIVE IMPACT ON
PROFITABILITY AND CASH FLOW DURING 2019 AND 2020, BUT IS
EXPECTED TO CONTRIBUTE POSITIVELY TO BUSINESS FROM 2021
    * CENTER IS EXPECTED TO OPEN BY END OF Q1 2020

Source text for Eikon:  ID:nWkrbnQt 
Further company coverage:  FNMA.ST 

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