Promens signs agreement to open their first production site in China
Promens has started preparations for opening its first production facility in China. The first phase of the plant will be rotational moulding, with other technologies to follow. Jakob Sigurdsson, President and CEO of Promens and the government of Taicang City, Jiangsu Province signed an investment contract today, on the occasion of China-Iceland Free Trade Agreement Ceremony.
Increase in operating earnings and significant de-leveraging in 2012
Promens reports increase in operating earnings and significant de-leveraging in 2012. According to Jakob Sigurdsson, President and CEO, the results were very satisfying, especially in light of depressed economic situation in key markets, as well as volatile raw material prices. With new structure and a number of value-enhancing projects under way the management of Promens remains cautiously optimistic for 2013.Read more