Russia: Stora Enso reschedules possible pulp and paper mill project at Nizhny Novgorod
16.02.2009
Stora Enso has decided to defer its final decision regarding the proposed pulp and paper mill project at Nizhny Novgorod in Russia to a later stage due to the weak global financial situation and near-term outlook for the forest products industry.
The project is not cancelled by this decision, and various actions will be taken to facilitate possible implementation of the project in the future.
Stora Enso will hold discussions with the Nizhny Novgorod regional administration in the near future to establish a new timetable for the proposed project.
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Source: Unipack.Ru
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