Mondi set to open multi-million paper mill in PSEZ

The final decision has not been announced yet, but the company received a license for business activity in PSEZ at the end of 2007 and "No prestigious investor has withdrawn after receiving a permit," said Teresa Kamińska, chairman of PSEZ. MPP has declared it would invest EUR 220 million, but will probably spend more - it has asked for a loan of EUR 150 million from the EIB for a project which will cost EUR 350 million. Another paper company, Stora Enso Poland, will spend EUR 320 million to modernize and expand its Ostrołęka plant. (Puls Biznesu, p. 1, 8) K.K.