Brief: Paragon Says Plant Capacity Utilization Is Back At About 95% Of Last Year's Level

paragon GmbH & Co KgaA

02/07/2020 12:57

July 2 (Reuters) - PARAGON GMBH & CO KGAA  PGNG.DE :
    * WORKLOAD OF PARAGON PLANTS ALMOST AT PREVIOUS YEAR'S LEVEL
    * DECISION ON NEW BUILDING AT HEADQUARTERS IN DELBRÜCK EARLY
2021
    * FIGURES FOR 2019 AND Q1 OF 2020 WILL BE PUBLISHED ON JULY
15
    * DISCUSSIONS ON SALE OF VOLTABOX STAKE ARE PROGRESSING WELL
    * MANAGEMENT WILL LIKELY BE ABLE TO DECIDE ON NEW BUILDING
FOR
ADMINISTRATION AND PRODUCTION AT DELBRÜCK LOCATION AT BEGINNING
OF 2021
    * RESUMED PRODUCTION AFTER SIX WEEKS OF CLOSURE
    * CAPACITY UTILIZATION IS NOW BACK AT AN AVERAGE OF 95% OF
PREVIOUS YEAR'S LEVEL
    * CAUTIOUSLY OPTIMISTIC FOR Q3 OF 2020

Source text for Eikon:  ID:nEQ6xbRla 
Further company coverage:  PGNG.DE 

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