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.

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Prečítajte si tiež: Seeking aid for poorer regions Read more 

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.

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

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