Brief: Rpt-Harju Elekter As Says Its Rifas Uab Concluded A Contract Panevezio Statybos Trestas For Expansion Of Its Production Facilities In Panevežys

Harju Elekter AS

30/08/2018 06:09

Aug 30 (Reuters) - Harju Elekter AS  HAE1T.TL :
    * SAYS LITHUANIAN SUBSIDIARY RIFAS UAB CONCLUDED A CONTRACT
WITH
CONSTRUCTION COMPANY PANEVEZIO STATYBOS TRESTAS AB FOR THE
EXPANSION OF ITS PRODUCTION FACILITIES IN PANEVEŽYS 
    * SAYS   TOTAL COST OF THE CONTRACT IS 2.4 MILLION EUROS,
AND THE
CONTRACT INCLUDES AN OPTION FOR ADDITIONAL EXTENSION (800 SQ.M)
    * SAYS  CONSTRUCTION WILL START AFTER RIFAS WILL GET
PERMISSION
FOR CONSTRUCTION, WITHIN SEPTEMBER 2018 LATEST
    * SAYS  EXTENSION ALLOWS FOR SIGNIFICANT INCREASE OF
PRODUCTION
CAPACITY TO PROVIDE PRODUCTS AND SOLUTIONS FOR OUR CUSTOMERS IN
SHIPBUILDING AND INDUSTRY SEGMENTS

Source text : https://bit.ly/2N2iXCI
Further company coverage:  HAE1T.TL 

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