Milling about until Norhaven arrived

If the investment had come any later, the Szczecin paper mill would have been forced to shut down. The company, whose financial situation had been getting worse and worse over the last few years, would have shut its doors, leaving all of the mill's employees without work.

Fortunately for around 300 Skolwin paper factory employees, the Zachodniopomorskie voivodship authorities have successfully executed a tender - won by the Danish Norhaven - and the Polish firm will be saved. Norhaven will acquire the mill for zł.50 million, which will go directly into Skolwin structures. An additional zł.20 million will be spent on modernizing the mill's production line. No layoffs are planned as a result of the acquisition.

"The investment is just on the verge of taking off. We are completing purchases of the last necessary pieces of equipment at the moment," Klaus Sorensen, Skolwin's CEO says. "Firstly we are going to upgrade the production line, due to the fact we need to follow market demand."

At present the final details of the contract are being worked out between the Zachodniopomorskie Investors Assistance Center in Szczecin, the Polish Information and Foreign Investment Agency and the Danish company.