Arctic Paper to pump zl.90 million into Kostrzyn plant

This year, a natural gas power plant is to be built. The cost of the new facility is estimated at zl.90 million and the company wants to invest a further zl.160 million in the next few years. "We received EUR5 million from the EU and we have applied for a subsidy from Ekofundusz as well," informed Michal Jarczynski, president of Arctic Paper Kostrzyn. As a result of the new development, production may grow by as much as 100,000 tones of paper per year. The scale of the investment will allow the company to apply for a Special Economic Zone to be established in the area. The Swedish partnership has invested $154 million (zl.492 million) in Kostrzyn so far. (Puls Biznesu, p. 11) A.M.