Myllykoski says to move Czech investment to Germany

30.10.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

HELSINKI, Oct 30 (Reuters) - Finland's Myllykoski said on Monday it plans to close its 230,000-tonne capacity coated publication paper plant in Dachau, Germany, by the middle of next year to cut overcapacity.

The company also said in a statement it had scrapped plans for a new paper mill in the Czech Republic and would shift the investment instead to Plattling, Germany.

Myllykoski cited the permit process and energy markets for that decision.

((Reporting by Sakari Suoninen, editing by Rex Merrifield; Helsinki Newsroom; Tel. +358 9 6805 0240, Fax +358 9 6802284, sakari.suoninen@reuters.com))

Keywords: TIMBER MYLLYKOSKI CZECH

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