Brief: Phoenix Mecano To Consolidate Chinese Operations Of Its DewertOkin Business

Phoenix Mecano AG

23/01/2020 06:35

Jan 23(Reuters) - PHOENIX MECANO AG  PM.S :  
    * TO CONSOLIDATE CHINESE OPERATIONS OF ITS HIGH-GROWTH
DEWERTOKIN
BUSINESS AT NEW INDUSTRIAL PARK IN JIAXING, XIUZHOU DISTRICT
    * GROUP CONSIDERS ACCESSING CHINESE CAPITAL MARKET TO
FINANCE
GROWTH
    * PLANS TO INVEST UP TO EUR 100 MLN IN CONSTRUCTION,
INFRASTRUCTURE AND MANUFACTURING EQUIPMENT OVER A PERIOD OF
AROUND FIVE YEARS

    
 Source text for Eikon:  ID:nFWN29R0UF 
    
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