Brief: Arctic Paper Supervisory Board Agrees On Concluding Joint Venture With Rottneros AB

Arctic Paper SA

10/02/2022 17:08

Feb 10 (Reuters) - Arctic Paper SA  ATC.WA :
    * SUPERVISORY BOARD OF COMPANY HAS EXPRESSED ITS POSITIVE
OPINION
ON ACTIONS TAKEN BY  COMPANY TO CONCLUDE JOINT VENTURE AGREEMENT
WITH ROTTNEROS AB
    * PURPOSE OF WHICH WILL BE TO BUILD A MOULDED CELLULOSE
FIBER
PACKAGING FACTORY
    * START-UP OF NEW FACTORY IN KOSTRZYN NAD ODRĄ IN POLAND IS
PLANNED FOR END OF 2023
    * INVESTMENT IS EXPECTED TO AMOUNT TO EUR 12-15
MILLION(APPROX.
55-70 MILLION ZLOTYS), INCLUDING ISSUER'S SHARE OF 50%

Source text for Eikon:  ID:nEM8grR8ta 
Further company coverage:  ATC.WA 

 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))