Brief: Gränges To Invest USD 33 Million To Increase Aluminium Casting Capacity In U.S.
25/03/2021 07:03
March 25 (Reuters) - Granges AB GRANG.ST :
* INVESTMENT FOLLOWS PREVIOUS AND SUCCESSFUL INVESTMENTS IN
NEW
ROLLING CAPACITY AT SITES IN HUNTINGDON AND NEWPORT, ARKANSAS.
* PROJECT IS ESTIMATED TO TAKE LESS THAN TWO YEARS TO
COMPLETE AND
IS EXPECTED TO CONTRIBUTE POSITIVELY TO GRÄNGES' OPERATING
PROFIT IN 2023
* WILL FINANCE EXPANSION INVESTMENT IN HUNTINGDON WITH
EXISTING
CASH AND INTERNALLY GENERATED CASH FLOWS
Source text for Eikon: ID:nWkr6KyNXT
Further company coverage: GRANG.ST
(Gdansk Newsroom)
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