Brief: Nobia Says Continuing Preparations For Investment In Highly Automated Production Plant In Jönköping, Sweden

Nobia AB

22/12/2020 18:07

Dec 22 (Reuters) - Nobia AB  NOBI.ST :
    * CONTINUING PREPARATIONS FOR INVESTMENT IN HIGHLY AUTOMATED
PRODUCTION PLANT IN JÖNKÖPING, SWEDEN, EXPECTED TO BE IN FULL
OPERATION BY 2024
    * APPROXIMATELY SEK 1.5 BILLION WILL BE INVESTED IN FACTORY
BUILDING, WHICH WILL BE SUBJECT TO A SALE-AND-LEASE-BACK
ARRANGEMENT
    * HAS SECURED LONG-TERM DEBT FINANCING THROUGH TWO NEW
CREDIT
FACILITIES TOTALLING SEK 5 BILLION
    * INVESTMENTS IN MACHINERY WILL AMOUNT TO APPROXIMATELY SEK
2
BILLION

Source text for Eikon:  ID:nWkr4tJXs3 
Further company coverage:  NOBI.ST 

 ((Reuters.Briefs@thomsonreuters.com;))