Brief: Renewcell Initiates Early Capacity Expansion And Reviews Operational And Financial Goals

Renewcell AB

16/02/2022 07:17

Feb 16 (Reuters) - ReNewCell AB  RENEW.ST :
    * SUSTAINTECH LEADER RENEWCELL INITIATES EARLY CAPACITY
EXPANSION
AND REVIEWS OPERATIONAL AND FINANCIAL GOALS DUE TO STRONG
CUSTOMER INTEREST
    * BOARD OF DIRECTORS OF RENEWCELL HAS DECIDED TO INITIATE
EXPANSION OF COMPANY'S RENEWCELL 1 (ORTVIKEN, SUNDSVALL) PLANT
FROM 60,000 TO 120,000 METRIC TONS OF TOTAL ANNUAL CAPACITY
AHEAD OF PLAN
    * BOARD ALSO REVIEWS CO'S OPERATIONAL, FINANCIAL GOALS,
EVALUATING
OPPORTUNITY TO BRING FORWARD OPERATIONAL GOAL OF REACHING
360,000 METRIC TONS OF ANNUAL CAPACITY TO 2025 FROM 2030 AS WAS
ORIGINALLY PLANNED

Source text for Eikon:  ID:nMFN6chR1K 
Further company coverage:  RENEW.ST 

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