Brief: Matvareexpressen Invests In Autostore Facilities

MATVAREEXPRESSEN AS

22/03/2024 07:12

March 22 (Reuters) - Matvareexpressen As  MVE.OL :
    * SAID ON THURSDAY CO INVESTS FOR THE ESTABLISHMENT OF
AUTOSTORE
FACILITIES
    * IT HAS SIGNED A CONTRACT FOR AN AUTOMATED WAREHOUSE SYSTEM
FROM
AUTOSTORE
    * SOLUTION WILL BE DELIVERED BY ELEMENT LOGIC
    * FACILITY WILL HAVE A TOTAL INVESTMENT FRAMEWORK OF AROUND
NOK 40
MLN, INCLUDING ASSOCIATED REMODELLING AND EXPANSION
    * CO BUDGETS THAT THE INVESTMENT WILL GENERATE A POSITIVE
CASH
FLOW WITHIN WITHIN 12-18 MONTHS AFTER START-UP

     
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