World News: 14:30 GMT Wednesday 14th August 2019. [Ekspress Grupp via Globe Newswire via SPi World News]
AS Printall, a wholly-owned subsidiary of AS Ekspress Grupp, has entered into agreements to purchase semi-finished product collection systems for magazine web press and flow-feed systems for binding machines with loading equipment for semi-finished product.
The purpose of the investment is to automate the production process of the printing house. It is estimated that the work of 25 people will be automated with the installation of the equipment. The cost of the equipment, including installation and construction, will be in the range of EUR 1.5 million to EUR 1.9 million, of which 80% is financed by leasing. Installation and commissioning of equipment is planned for the first quarter of 2020.
Additional information: AS Printall Chairman of Board Andrus Takkin, telephone +372 5105 323.
Signe KukinGroup CFOAS Ekspress Grupp +372 669 8381
Globe Newswire: 14:30 GMT Wednesday 14th August 2019
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