world news - 28.07.2003
EU approves State Aid in UK-Paper Mill
Throughout the process UPM-Kymmene has continued with the project and the new Recycled Fibre Pulp facility is scheduled to be commissioned, as planned, in November 2003 with full production by April 2004.
The European Commission has approved EUR 24 million out of a planned UK State Aid of EUR 35 million, in favour of UPM-Kymmene Shotton Paper Mill located in North Wales, UK. This concludes an in-depth formal State Aid Clearance investigation begun by the European Commission in October 2002 to clarify that the financial award complied with the Commission's Guidelines for State Aid.
See also:
- — JAPAN — RISE IN PRICE FOR STRUCTURAL PLYWOOD
- — Universal Forest Products, Inc. supports confidence with record results in second quarter. Net sales rise 9.4% to $552.5 million; Diluted earnings per share jump 14.6% to $0.94
- — Russian Far East works to improve system of timber supply and control
- — Danish Furniture Makers Report Good Growth.
- — Pulp inventories increase