July 17, 2017
The European Commission has found Slovakia's Euro 49 million investment aid to Mondi SCP, a paper and pulp manufacturer, to be in line with EU state aid rules. The support will contribute to the development of the region, whilst preserving competition in the Single Market.
The investment aid granted by Slovakia will support Mondi SCP's plans to invest Euro 310 million to introduce in its existing plant in Ružomberok the production of corrugated case material. Corrugated case material is used for the production of corrugated board, which is then processed into boxes.
In particular, Mondi SCP will extend its pulp production capacity in the plant and install a new paper machine. The project is expected to create 105 direct jobs.