Muskita: Satisfactory progress – Approval of investment of €1.5m
We wish to inform you that at the meeting held on October 3, 2006, the Board of Directors of Muskita Aluminium Industries Plc decided the following:
- Examined the progress of its operations, which were considered as satisfactory and within the forecasts announced to date.
- Approved an investment of €1,500,000 for the purchase and installation of robotic manufacturing machines and robotic storage space of stock management in its British subsidiary Universal Components Ltd in Bristol. The new investment is expected to achieve economies of scale and contribute to the saving of labour expenses and the reduction of storage cost, which is high in Great Britain.
- Examined the progress of its operations, which were considered as satisfactory and within the forecasts announced to date.
- Approved an investment of €1,500,000 for the purchase and installation of robotic manufacturing machines and robotic storage space of stock management in its British subsidiary Universal Components Ltd in Bristol. The new investment is expected to achieve economies of scale and contribute to the saving of labour expenses and the reduction of storage cost, which is high in Great Britain.
