BUSINESS IN SHORT

Levoča looses Sk1 billion investment

FELDBACHER Holzverarbeitungs, an Austrian wood-processing company, has withdrawn from a plan to build a Sk1 billion sawmill in Levoča, in eastern Slovakia. The company failed to find enough suppliers of logs in the region.

FELDBACHER Holzverarbeitungs, an Austrian wood-processing company, has withdrawn from a plan to build a Sk1 billion sawmill in Levoča, in eastern Slovakia. The company failed to find enough suppliers of logs in the region.

“The company was not able to secure enough wood and the costs of transporting wood from Ukraine or Russia would be high,” Róbert Jánošík, manager for the industrial park in Levoča, told the ČTK. The Austrian company planned to employ 300 people. Apart from processing wood, the company also planned to build a heat and power plant.

The new industrial park, which is still without infrastructure, now has no investors.

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