French majority shareholder to invest zl. 30 mln in paper recycling plant

Tychy-based paper and corrugated cardboard producer Otor Silesia wants to invest zl. 30 million in the development of its production plant over the next three years. The project will be wholly financed be French Otor, which has a 97% stake in the company. Thanks to the planned investments, the number of employees will increase by 10 %. "This year we will open a complete cardboard production line worth zl. 10 million. Next year, we plan to begin the construction of a two-ply paper production plant, to be up and running by the end of 2003," said Jerzy Rozycki, president of Otor Silesia. Otor Silesia is one of two companies in Poland which has a paper recycling factory. (Puls Biznesu, p. 9) P.J.