Wood factory plans stall

Aug 20, 2008
By Adam Mullett

VILNIUS - Lithuania’s Vakaru Medienos Grupe (VMG) has locked horns with the Directorate General of State Forests over its plans to build a new fiberboard and cellular furniture factory in Alytus, the daily Lietuvos Rytas reports. The plant is a joint venture with Sweden’s Ikea. VMG has asked the government for certain concessions, including guarantees of long-term timber supplies from state forests to its planned factory. The Lithuanian state forests directorate refused to provide such guarant ...





 E-mail this article   Print this article  

MORE NEWS

Taking Counsel: Retailers, be aware!
Company briefs
Parex Bank posts losses “tens of millions”
Estonian Air to overhaul strategy
Telecom companies blast surveillance law
Kaubamaja’s profits far below expectations
Bourses to extend working hours
OU Superseacat declares bankruptcy
Taking Counsel: Keep your cash where your loan is
Company briefs