Nikopol Ferroalloy (NFER - buy) To Spend USD 18.9 Mn On Modernization
24 March 2008
Nikopol Ferroalloy has announced plans to invest 18.9 mn in 2005 on modernizing its facilities. NFER?s long-term development strategy calls for investing nearly USD 100 mn over the next five years, including USD 70 mn for expansion and modernization of production facilities and USD 30 mn for development of new ferroalloy products. The company spent USD 19.7 mn on modernization and reconstruction in 2004.
