Brief: Verde Agritech Verde Has Received Orders That Match Its Total Production Capacity For 2018

Verde AgriTech

17/10/2018 12:06

Oct 17 (Reuters) - Verde Agritech PLC  NPK.TO :
    * VERDE HAS RECEIVED ORDERS THAT MATCH ITS TOTAL PRODUCTION
CAPACITY FOR 2018
    * IN 2019, VERDE AIMS TO CONTINUE USE OF ITS EXISTING PLANT
TO
PRODUCE 200 THOUSAND TONNES PER ANNUM OF PRODUCT
    * IN 2019,  CO WILL START CONSTRUCTION OF A NEW PROCESSING
FACILITY CAPABLE OF PRODUCING AN ADDED 600 THOUSAND TONNES PER
ANNUM
    * TOTAL OF 800 THOUSAND TONNES PER ANNUM CAPACITY IS
EXPECTED TO
BE REACHED IN EARLY 2020
    * FINANCING FOR EXPANSION IS BUDGETED TO BE A MIX OF
ACCUMULATED
CASHFLOW AND SUBSIDIZED-DEBT FROM BRAZIL’S DEVELOPMENT BANK

Source text for Eikon:  ID:nGNX6t3zqk 
Further company coverage:  NPK.TO 

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