The subject of this agreement is the confirmation of intention of both parties to conclude a contract for the delivery of a Reicofil production line model S-TwinMB-S 2600 RF4s Compact BiCo for the Company's future production plant in South Africa. The conclusion of the final contract for the delivery of the production line is expected in July 2017.
"Concluding an agreement with the production technology supplier is a further step along the road to the realization of our plan to build a new production plant in South Africa. For this new location, we want to order the most modern production line based on the COMPACT concept in a BiCo configuration, which will enable us to bring technologically advanced materials to the local market. The installation of a similar production line, the first of its kind in the world, is currently being completed in the Czech Republic. I firmly believe that this production line will indeed prove its qualities in real operating conditions, and we will subsequently take full advantage of this in South Africa," says František Řezáč CEO of Pegas Nonwovens s.r.o. and member of the Board of Directors of Pegas Nonwovens S.A.