Mondi to invest €310 million in Ružomberok

THE PAPERMILL Mondi SCP is planning to invest €310 million in its existing plant in Ružomberok in Žilina region, the Denník N daily reported on February 25.

(Source: Sme )

The company management has already approved the investment, which would thereby become one of the biggest in Slovakia in recent years, Mondi chief David Rathorhn announced in a recent company report.

It has not been revealed how many jobs will be created as a result of the investment, according to the TASR newswire.

Prečítajte si tiež:Seeking aid for poorer regions

Meanwhile, Mondi is planning to ask the Slovak Government for investment aid. It is being estimated that tihs may reach as much as €40 million. Such a significant investment impetus must be approved by Brussels first, however, the daily writes.

The Government may debate the issue as early as next week, just ahead of the general election, concludes the daily.

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