«Europack» has not enough land.
Local company Europack Ltd which launched a corrugated cardboard plant in the beginning of 2008 in Voronezh, intends to invest 1,5 billion rubles in expanding production, according to Director Dmitry Sherstnev. According to him, as a result of the expansion the plant will increase the capacity from current 90 mln up to 200 mln sq. m per year and will start producing cardboard and paper (100 ths. tons per annum). «Both borrowed and own funds will be appropriated for implementation of the project that will take three years. The payback will be no less than seven years», the director said. As Mr.Sherstnev pointed out, currently the company?s representatives are negotiating with the region administration concerning lease of a plot of 10 ha nearby the plant already in action. If Europack Ltd obtains the land, the company will proceed to elaboration of design documentation. The owner and financial performance of Europack LLC remain undisclosed.«Interfax-centre»
Source: Kommersant(Voronezh) № 171 (3988)