Pfleiderer group sees 2018 Capex at €75 mln

WSE-listed wood panel producer Pfleiderer Group's CAPEX in 2018 will amount to about €75 million, chairman Tom Schabinger said. In particular, the company plans to invest €20.6 million in the modernization of the infrastructure in Leutkirch. The investment should be completed in Q1 2019 and will add €8.1 million to EBITDA. Pfleiderer Group will also build a new laminating press in Grajewo for €8.5 million. In Q1 Pfleiderer Group invested €12.7 million in the development of production capacities.