January 23, 2020 / 6:36 AM / 2 months ago

BRIEF-Phoenix Mecano To Consolidate Chinese Operations Of Its DewertOkin Business

Jan 23(Reuters) - PHOENIX MECANO AG:

* TO CONSOLIDATE CHINESE OPERATIONS OF ITS HIGH-GROWTH DEWERTOKIN BUSINESS AT NEW INDUSTRIAL PARK IN JIAXING, XIUZHOU DISTRICT

* GROUP CONSIDERS ACCESSING CHINESE CAPITAL MARKET TO FINANCE GROWTH

* PLANS TO INVEST UP TO EUR 100 MLN IN CONSTRUCTION, INFRASTRUCTURE AND MANUFACTURING EQUIPMENT OVER A PERIOD OF AROUND FIVE YEARS

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