Nobia AB to Discuss Investment in Highly Automated Production Plant in Sweden Call Transcript

Dec 04, 2019 / 09:00AM GMT
Jon Sintorn - Nobia AB(publ)-President&CEO

Good morning, everybody. This is Jon Sintorn speaking, and joining me for this telephone conference is also Kristoffer Ljungfelt.

This is obviously a very interesting time and exciting time and an exciting announcement that we did this morning that we are going to invest in a highly automized factory with improved capacity in order to facilitate growth opportunities and flexibility.

After quite long period of numerous investigations and analysis, we've come to the conclusion to build a new factory in Jönköping where the volumes today from Tidaholm and also the HTH volume from Ãlgod regarding -- the HTH volumes for Sweden and Norway, currently produced in Ãlgod, will be placed. And one of the reasons -- one of the backgrounds to that is that, during an upturn that we've had, most factories are kind of hitting the ceiling, are close to running at full capacity. And for us, going forward with a growth agenda, we need -- simply need to create in a good way, modern, automized, efficient,

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot