Brief: NKT To Invest About EUR 100 Mln In Medium-Voltage Power Cable Business

NKT A/S

04/04/2024 08:39

April 4 (Reuters) - Nkt A/S  NKT.CO :
    * INVESTS IN MEDIUM-VOLTAGE POWER CABLE BUSINESS TO BOOST
CAPACITY
FOR GROWING DEMAND
    * INVESTMENTS ACROSS THREE SITES WILL EXPECTEDLY AMOUNT TO
APPROXIMATELY EUR 100 MILLION
    * NEW PRODUCTION CAPACITY IS ANTICIPATED TO BE PROGRESSIVELY
OPERATIONAL IN 2025 AND 2026
    * INVESTMENTS ARE EXPECTED TO SUPPORT NKT'S MEDIUM-TERM
FINANCIAL
AMBITIONS INCLUDING DELIVERING ROCE ABOVE 20%

Source text for Eikon:  ID:nGNE25Dg7b 
Further company coverage:  NKT.CO 

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