Brief: Tomra Initiates EUR 50-60 Million Investment In Plastic Feedstock Sorting

Tomra Systems ASA

19/12/2022 07:10

Dec 19 (Reuters) - Tomra Systems ASA  TOM.OL :
    * TOMRA INITIATES EUR 50-60 MILLION INVESTMENT IN PLASTIC
FEEDSTOCK SORTING
    * INVESTMENT OF EUR 50-60 MILLION IN BUILDING A MID-SCALE
PLANT IN
GERMANY
    * PLANT IS EXPECTED TO BE OPERATIONAL BETWEEN 2024 AND 2025
    * PLANT TO HAVE A YEARLY CAPACITY OF 80 000 TONS
    * ON INVESTMENT: TARGETS PROFITABILITY LEVELS COMPARABLE
WITH REST
OF BUSINESS
    * ON INVESTMENT: TARGETS CAPITAL RETURN LEVELS IN LOW DOUBLE
DIGITS GIVEN SIZE OF FACILITY BEING MID-SCALE
    * SIGNIFICANT PART OF CAPITAL INVESTMENT WILL TAKE PLACE IN
2023
    * CONSIDERS CO TO BE WELL CAPITALIZED TO INITIATE INVESTMENT

Source text for Eikon:  ID:nWkrb1CcKT 
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