Brief: Tessenderlo Plans Further Strategic Investments In USA And Netherlands

Tessenderlo NV

21/12/2021 17:07

Dec 21 (Reuters) - Tessenderlo Group NV  TESB.BR :
    * TESSENDERLO GROUP PLANS FURTHER STRATEGIC INVESTMENTS IN
THE US
&  THE NETHERLANDS
    * ITS SUBSIDIARY, TESSENDERLO KERLEY, INC. (TKI), PLANS TO 
CONSTRUCT A NEW PLANT IN DEFIANCE, OHIO (US) SERVING THE EASTERN
GREAT LAKES REGION
    * HAS AGREED TO ACQUIRE THE ASSETS OF B.V. FLEUREN
TANKOPSLAG, A
TANK  STORAGE AND TRANSSHIPMENT COMPANY FOR LIQUID PRODUCTS
LOCATED IN THE PORT OF CUIJK (THE NETHERLANDS)
    * TRANSACTION WILL HAVE NO  MATERIAL IMPACT ON THE RESULTS
OF
TESSENDERLO GROUP
    * AFTER COMPLETION OF THE ACQUISITION, TESSENDERLO GROUP
INTENDS
TO INTEGRATE THE FLEUREN TANKOPSLAG  OPERATIONS WITHIN ITS
TESSENDERLO KERLEY INTERNATIONAL BUSINESS UNIT
    * CONSTRUCTION WORKS ON THE GELEEN PLANT ARE PLANNED TO
START IN
APRIL 2022 AND THE FACTORY  IS SCHEDULED TO BE OPERATIONAL IN
THE SECOND QUARTER OF 2023

Source text for Eikon:  ID:nNDL2qJN25 
Further company coverage:  TESB.BR 

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