Paper factory to receive EUR 14m investment boost

"We will invest EUR 7 million in the paper mill itself and another EUR 7 million in the power supply system," revealed Skolwin's general director Klaus Sorensen. The modernization of technology will allow production to be increased. "We plan to produce 60000 tonnes of paper for magazines and 20000 tonnes of other types of paper," added Sorensen. The investor does not plan any lay-offs at present, though he admitted that the company needs to cut certain costs. The paper factory currently employs 350 people and it is estimated that another 250 people cooperate with the plant. (Puls Biznesu, pp. 1, 7) E.B