BRIEF-Elementis Buys Manufacturing Site In India

  • Reuters
  • Stock Market News
BRIEF-Elementis Buys Manufacturing Site In India
Credit: © Reuters.

Dec 20 (Reuters) - Elementis PLC ELM.L :

* ACQUISITION OF ADVANTAGED MANUFACTURING SITE IN INDIA

* SITE WILL BE ACQUIRED FOR APPROXIMATELY $4M AND OVER NEXT TWO YEARS WE EXPECT TO INVEST A FURTHER $15M IN FACILITY

* ACQUISITION AND SUBSEQUENT INVESTMENT WILL BE FUNDED WITHIN EXISTING CAPITAL EXPENDITURE PLANS

* THROUGH ELEMENTIS SPECIALTIES (INDIA) PRIVATE LIMITED, ENTERED INTO AN AGREEMENT TO ACQUIRE A PRODUCTION FACILITY IN MUMBAI, INDIA

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