NEO INDUSTRIAL OYJ STOCK RELEASE 28 January 2015 at 12.30 pm
NEO INDUSTRIAL PLC'S SUBSIDIARY REKA KAAPELI LTD INVESTS IN CABLES MANUFACTURING TECHNOLOGY
Neo Industrial Plc´s subsidiary Reka Kaapeli Ltd invests EUR 1.5 million in cable manufacturing technology in Hyvinkää Factory. With the investment the productivity of cable manufacturing is enhanced and developing and manufacturing of new products is enabled. The investment will be ready by the end of April 2015.
Good financial situation of Cable industry has enabled additional installment of EUR 1.5 million to the financing agreement signed in March 2014. The payment was made in January 2015.
Neo Industrial Plc
Jari Salo
Managing Director
Further information:
Jari Salo, Managing Director, tel. +358 20 720 9196
Neo Industrial's strategy is to invest mainly in industrial companies with similar synergic benefits. The aim of investments is with active ownership to develop the purchased companies and establish additional value. Returns are sought through both dividend flow and an increase in value. Neo Industrial's class B shares are listed on the NASDAQ OMX Helsinki Stock Exchange. Neo Industrial's business segment is Cable Industry.