WELDE INVESTED DEM 4.5 M IN LESOPLAST

Business | April 11, 2001, Wednesday // 00:00

Austrian Welde, the owner of Lesoplast wood mill of Troyan, has invested in the company DEM 4.5 M in the last two years. The company expects double profit in Y 2001. The fiberboard and plywood maker will be gradually retooled to increase efficiency in line with EU standards. Lesoplast`s profit for Y 2000 amounts to DEM 2,013,000, twice as much as the previous year, due to an increase in output. About 90% of the output is exported to the EU.

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