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China International Investment Stock to invest Euro 320 million to build paper mill with PAN Papirna Industrija in Croatia

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China International Investment Stock to invest Euro 320 million to build paper mill with PAN Papirna Industrija in Croatia

November 29, 2012 - 20:12

SHANGHAI, Nov. 30, 2012 (Local News) -CHINA International Investment Stock Ltd has signed a contract to invest 320 million euros (US$415 million) in building a paper mill in Croatia with PAN Papirna Industrija.

The paper and cellulose-making facility and a geothermal plant to supply power will be built in Slatina, west Croatia, Winston Chia, CEO of the Chinese group, said in Zagreb. The Qingdao-based firm will hold a 70 percent stake in the investment, while the rest will be held by PAN Papirna.

Shanghai Daily - Chinese firm inks Croatia paper deal

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