New Production Facility built for $ 116 million Georges Krombach, General manager, export & new generation products, Landewyck
Diversification is, of course, a very big word. It’s also a dangerous one. You should not diversify because the stock exchange wants it; you should diversify because you believe in your product. And we believe in nicotine. We are working on very interesting projects. We did a nicotine ecosystem, working on very interesting projects with nicotine delivery devices
We invested €80m in this new (production) facility…($116 million Cdn) We always wanted to stay in Luxembourg, to support the Luxembourg industry. We’ll celebrate 175 years next year… we are a strong believer in Luxembourg industry and the ecosystem, the economy here… The facility is 95% operational… in January 2022, we will be 100% operational. It’s a big success.
https://delano.lu/article/georges-krombach-and-the-seven