Lan­dis + Gyr trans­fers more pro­duc­tion to Corinth

Kathimerini English - - Focus -

Multi­na­tional Lan­dis + Gyr has trans­ferred pro­duc­tion of two more “smart” elec­tri­cal me­ters from their UK fac­tory to their man­u­fac­tur­ing fa­cil­ity in Corinth, Greece. The com­pany an­nounced that the new pro­duc­tion lines for the new se­ries of “smart” elec­tri­cal me­ters, which are al­ready sold in Aus­tria, Switzer­land, Den­mark, Poland, Croa­tia, Bos­nia, Fin­land and Slove­nia, are al­ready man­u­fac­tured in Corinth, and power com­pa­nies from many other coun­tries have ex­pressed an in­ter­est in pur­chas­ing this prod- uct. This new ac­tiv­ity will add 40 new skilled jobs to the ex­ist­ing work­force of Lan­dis + Gyr Greece, for which the re­cruit­ment process has be­gun. End-June marked the com­ple­tion of trans­fer­ring pro­duc­tion from the fac­tory in Zug, Switzer­land, where the com­pany’s head of­fice is, to the man­u­fac­tur­ing fa­cil­ity in Corinth. “Lan­dis + Gyr Greece is es­tab­lished as the ba­sic man­u­fac­tur­ing fa­cil­ity of ‘smart’ elec­tri­cal me­ters of the en­tire Lan­dis + Gyr Group for the both the Euro­pean and the global mar­kets, at the same time con­tin­u­ing pro­duc­tion of elec­tri­cal me­ters and re­tain­ing its very im­por­tant knowhow in that sec­tor of the in­dus­try,” said Man­ag­ing Di­rec­tor of Lan­dis + Gyr Greece Dim­itris Avram­pos. price for its ini­tial pub­lic of­fer­ing will most likely be set at 36 zlo­tys per share, mar­ket sources said yes­ter­day. The book build­ing was due to close yes­ter­day. The com­pany said ear­lier this month that it sought to raise up to 5.2 bil­lion zlo­tys ($1.40 bil­lion) in the big­gest flota­tion in War­saw since 2011. The mo­bile op­er­a­tor, owned by Greek fund Toller­ton and Ice­landic in­vestor No­va­tor, plans sell up to 121,572,621 ex­ist­ing shares, or 48.6 per­cent of its to­tal eq­uity, in­clud­ing the over-al­lot­ment op­tion.

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