Ergis

Current reports

18 November 2009, 10:57

40/2009 Disclosure of information on launching an investment project

Current Report 40/2009
Subject:
Disclosure of information on launching an investment project
Legal Basis:
Article 56.1.1 of the Act on Public Offering – confidential information
Content:
The Management Board of ERGIS-EUROFILMS S.A. (hereinafter the “Issuer”), with
registered office in Warsaw, hereby announces that it has decided on launching an
investment project involving the purchase and start-up of a technological line for the
manufacturing of stretch film, and the related investments. The new investment will be
located in the Company’s Oława Plant. The Management Board also announces that it has
become aware of the approval, granted by the Polish Agency for Enterprise Development
(PARP), of its application for co-funding of the following project: “Implementation of
innovative technology in the multi-layer film manufacturing process”, under the scheme
of Innovative Economy Programme. . The expected outlays for the planned investment
will amount to PLN 24 million, and the obtained financing – to PLN 9.6 million (40% of
the expected outlays).
The project will be implemented once all necessary consents and approvals are obtained,
including the consent of banks financing the Ergis Group. The consent is expected to be
granted at the turn of 2010 and 2011.
Legal Basis:
Article 56.1.1 of the Act on Public Offering – confidential information

  • Current report 40_2009 - Disclosure of information on launching an investment project
.