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Rescue decision gets a mixed reaction

Oct 14, 1999
By Paul Beckman

VILNIUS - A plan approved by a Lithuanian court has cheered up beet farmers and sugar plant workers but annoyed Lithuania's major sugar industry investor, Denmark's Danisco Sugar. A Lithuanian Appeals Court decision supports solving the factory's dismal financial situation but Danisco representatives said it will only push modernization efforts backwards. Marijampoles Cukrus, a sugar plant in southwestern Lithuania, is in financial peril. Weighed down by millions of dollars in debts, its days ...

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