PEGASPostEurop Group on Aviation Security (European Union postal program)
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In her new role, Pegas will assist agents with every facet of their business--from marketing listings and attracting clientele, to helping them close transactions quickly and correctly.
The agreement should be signed within two weeks, Pegas said, without giving any details of the new customer.
Earlier this month Pegas Nonwovens said it plans to build a plant near Cairo with the first phase of the project estimated to cost EUR 55-60 million (USD 79m-86m).
Pegas currently operates nine lines at two plants in the Czech Republic, where it has a 10th line under construction, and has one-line operations in South Africa and Egypt.
Pegas expects its EBITDA to decline further in 2010, with the fall not surpassing 10%, and sales volumes are projected to remain unchanged.
I am therefore very happy that we managed to sign the purchase contract in line with our schedule," says Frantisek Rezac, CEO and Member of the Board of Pegas Nonwovens SA.
Wood, which held over 5% in Pegas since August 2009,A reached an ownership level of 10.56%, equal to 974,491 shares, on 4 October.
"The investment into this new production line represents another significant milestone in our company's history," says Frantisek Rezac, CEO and member of the board of Pegas Nonwovens.