world news - 16.11.2006

Russia: A paper mill costing 65 million euro will be built in Ivanovskaya oblast'

Slovakia and the government of Ivanovskaya oblast signed an agreement on building a paper mill, with the investment project cost of 65 million euro

As the region's press-service reports, production capacity will amount 25 thousand tons by the end of 2008; 800 new workplaces will be introduced. The mill will produce napkins, toilet paper, paper towels and hygienical products. Main marketing region will be the Central Federal district of Russia.

The project was formed as a result of Slovakian analysis of Russian paper market: demand is high and production capacity is low.

Lesprom.ru

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