Nobia continues preparations for investment in highly automated production plant in Sweden, enters new credit facilities and writes down assets relating to the Tidaholm factory
· Nobia is continuing preparations for its investment in a highly automated production plant in Jönköping, Sweden, which is expected to be in full operation by 2024. Investments in machinery will amount to approximately SEK 2 billion. Approximately SEK 1.5 billion will be invested in the factory building, which will be subject to a sale-and-lease-back arrangement. · Nobia has secured long-term debt financing through two new credit facilities totalling SEK 5 billion. · As a result of the decision to close the Tidaholm factory, Nobia will record write-downs of approximately SEK 149