Brief: Sogefi to build factory in Morocco

Sogefi SpA

21/03/2017 08:09

March 21 (Reuters) - Sogefi SpA  SGFI.MI : 
    * Announces a plan to build a new factory in Morocco, the 
company's first industrial site in Africa 
    * It has already received new orders for both the local 
market and the European market that will bring in additional 
annual sales of 30 million euros ($32.39 million) from 2020 
    * Potential business initiatives currently under negotiation 
could increase the size of the plant, giving annual sales of 60 
million euros in 2021 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nBIA5HDKhk 
Further company coverage:  SGFI.MI  
 
($1 = 0.9262 euros) 
 
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