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Kronospan calls off Sk3.5 bln. investment in Slovakia

The company Kronospan has given up its plan to expand chipboard production in its plant in Prešov. The company had intended to invest Sk3.5 billion in the plant, however, the Slovak government did not approve tax relief that the company required, said Kronospan representative in central an eastern Europe, Markus Habegger, the SITA newswire reported. According to him, the company is seeking new possibilities while it sees the development of the Prešov group in other productions. He specified that in Zvolen they put into operation the most modern line for chipboard production and are considering setting up a training centre there for the whole company that has subsidiaries in 25 countries worldwide.

The company Kronospan has given up its plan to expand chipboard production in its plant in Prešov. The company had intended to invest Sk3.5 billion in the plant, however, the Slovak government did not approve tax relief that the company required, said Kronospan representative in central an eastern Europe, Markus Habegger, the SITA newswire reported. According to him, the company is seeking new possibilities while it sees the development of the Prešov group in other productions. He specified that in Zvolen they put into operation the most modern line for chipboard production and are considering setting up a training centre there for the whole company that has subsidiaries in 25 countries worldwide.

Compiled by Jana Liptaková from press reports

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