Pfleiderer Group Sees 2018 Capex At EUR 75 mln

Wood panel producer Pfleiderer Group 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 euros. In Q1 Pfleiderer Group has already invested €12.7 million in the development of production capacities.