Brief: Grupa Recykl Unit Investment In SPE to boost FY 2020 EBITDA

Grupa Recykl SA

24/07/2018 07:58

July 24 (Reuters) - GRUPA RECYKL SA  GRC.WA :
    
• ITS UNIT, RECYKL ORGANIZACJA ODZYSKU SA, TO INVEST IN AN ASSEMBLY LINE TO
PRODUCE PRODUCTS BASED ON RUBBER GRANULATE RECYCLED BY CO UNITS
• ALONG WITH CONTRACTOR, PRO PLAST EPP, TO SET A NEW SPECIAL PURPOSE ENTITY
(SPE), REKOPLAST KOMPOZYT
• PARTIES HAVE  EQUAL STAKE IN THE NEW CO CAPITAL, HAVE INVESTED IN TOTAL 0.6
MLN ZLOTYS AND WILL INVEST FURTHER, UP TO TOTAL VALUE OF 1.4 MLN ZLOTYS
• SAYS NEW INVESTMENT SHOULD INCREASE EBITDA BY ABOUT 1 MILLION ZLOTYS, NET
PROFIT BY 0.5 MILLION ZLOTYS IN 2020
• THE INVESTMENT IMPACT WILL ALSO BE VISIBLE IN FY 2019 FINANCIAL RESULTS AS THE
NEW VENTURE SHOULD BREAK EVEN BY END-Q2 2019

Source text for Eikon:  ID:nEMC4WVqa 
Further company coverage:  GRC.WA 

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