Alves Kablo (ALVES) has signed a machine purchase agreement worth 2 million dollars, which will complement and integrate with the previously announced “copper smelting plant” investment under the “investment incentive certificate.”
According to the statement made by the company to the Public Disclosure Platform (KAP), the investment aims to produce copper rods and copper bars used in transformers and panels, which have higher added value compared to copper cathodes.
The statement further mentions:
“The investment is planned to become operational in the beginning of next year, and it is envisaged to contribute a minimum annual revenue of 27,500,000.00 USD + VAT.”
Source: investing.com
