Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret Anonim SirketiBIST: BRSAN

Borusan Mannesmann Boru Says It Decides To Relocate Two Production Lines In Istanbul To Bursa

· Issued by 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 GEMLIK

  • BORUSAN MANNESMANN BORU - BY RELOCATING WELDING AND COLD-DRAWN PIPE PRODUCTION LINES COMPANY AIMS ESTIMATED 30 MILLION USD IMPROVEMENT IN WORKING CAPITAL

  • BORUSAN 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 OUTFLOWS

  • BORUSAN MANNESMANN BORU - INVESTMENT EXPECTED TO CONTRIBUTE TO CONSOLIDATED EBITDA MARGIN BY APPROXIMATELY 50 TO 100 BASIS POINTS

  • BORUSAN MANNESMANN SAYS THE INVESTMENT IS PLANNED TO BE IMPLEMENTED IN PHASES OVER A PERIOD OF 24 MONTHS