Business
Borusan Mannesmann Boru Says It Decides To Relocate Two Production Lines In Istanbul To Bursa
Borusan Mannesmann Boru Says It Decides To Relocate Two Production Lines In Istanbul To Bursa
About this update from Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret Anonim Sirketi
Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret BIST:BRSAN:BORUSAN MANNESMANN BORU - PRODUCTION LINES AT ISTANBUL HALKALI FACILITY TO BE RELOCATED TO BURSA GEMLIKBORUSAN MANNESMANN BORU - BY RELOCATING WELDING AND COLD-DRAWN PIPE PRODUCTION LINES COMPANY AIMS ESTIMATED 30 MILLION USD IMPROVEMENT IN WORKING CAPITALBORUSAN MANNESMANN SAYS THE TOTAL PROJECTED FINANCIAL SCOPE OF THE PROJECT INCLUDES AROUND $29 MILLION IN CAPITAL EXPENDITURES, ALONG WITH APPROXIMATELY $27 MILLION IN ONE-TIME CASH OUTFLOWSBORUSAN MANNESMANN BORU - INVESTMENT EXPECTED TO CONTRIBUTE TO CONSOLIDATED EBITDA MARGIN BY APPROXIMATELY 50 TO 100 BASIS POINTSBORUSAN MANNESMANN SAYS THE INVESTMENT IS PLANNED TO BE IMPLEMENTED IN PHASES OVER A PERIOD OF 24 MONTHS