Brief: Neodecortech To Increase Investments By 50% In 2021-2023 Plan Vs Previous Three-Year Period

Neodecortech SpA

11/02/2021 06:49

Feb 11 (Reuters) - Neodecortech SpA  NDT.MI :
    * ISSUED ON WEDNESDAY 2021-2023 BUSINESS PLAN 
    * UNDER PLAN, 50% INCREASE IN INVESTMENTS VS PREVIOUS
THREE-YEAR
PERIOD
    * ABOUT 37% OF INVESTMENTS TO LAUNCH NEW PRODUCTS AND
PROCESSES,
APPROX. 33% TO INCREASE PRODUCTIVITY, AND ABOUT 29% TO
CONSOLIDATE PRODUCTION AND OPERATING CAPACITY
    * PLANNED INVESTMENTS TO BE WHOLLY SELF-FINANCED
    * CONFIRMS PLAN TO MOVE TO STAR SEGMENT OF ITALIAN BOURSE AS
SOON
AS MINIMUM CAPITALIZATION REQUIREMENTS ARE MET

    
    
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