Brief: Steico Says Board Of Steico Group Resolved To Create New Production Capacity At Facility At Gromadka

Steico SE

09/03/2021 19:53

March 9 (Reuters) - Steico SE  ST5G.DE :
    * BOARD OF STEICO GROUP RESOLVED TO CREATE NEW PRODUCTION
CAPACITY
AT RECENTLY ACQUIRED FACILITY AT GROMADKA
    * NEW PRODUCTION CAPACITY CREATED FOR ANNUAL OUTPUT OF MORE
THAN
1.5 MILLION CBM
    * ACCORDING TO CURRENT FORECASTS, TOTAL INVESTMENT VOLUME
WILL
AMOUNT TO AROUND EUR 75 MILLION
    * CONSTRUCTION IS SCHEDULED TO START IN MID-2021; GROUP
INTENDS TO
TAKE PRODUCTION LIVE AT END OF 2022

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