Pyxus Announces Updates on Indirect Subsidiary FIGR's Expansion Projects
PYXUS INTL INC (PYX)
Company Research
Source: PR Newswire
MORRISVILLE, N.C., May 14, 2019 /PRNewswire/ -- Pyxus International, Inc. (NYSE: PYX), a global value-added agricultural company, is pleased to announce its wholly-owned indirect subsidiary, FIGR, Inc., has launched an early works program at its Simcoe, Ontario, facility. The program is focused on pre-groundbreaking tasks, such as excavation and tree clearing, on the 20-acre parcel of land (adjacent to the current Simcoe facility) slated for the company's 800,000 square foot expansion project. "We are pleased with the implementation of FIGR's early works program, as it marks another milestone in its continual execution against the goal of expanding local capacity while working toward its overall construction timeline with an expected completion date of 2021," said Pyxus President, CEO and Chairman Pieter Sikkel. "The expected increase in capacity is a key component of our growth strategy to build a seed-to-consumer global consumer packaged goods company." FIGR expects to break groun
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