BRUSSELS, Jan 9, 2015 (RISI) - The Banque de France has launched a feasibility study on the potential relocation of its Chamalières printing plant to the Papeterie de la Banque de France mill in Vic-le-Comte, the firm's management told RISI.
No decision has been taken yet and the conclusions of the study are expected at the end of H1 2015. The management declined to give further details on the project.
Local media reports indicated that the transfer to the Vic-le-Comte site would take place in 2020 in case of its adoption and would require new buildings and high security levels.
According to the same media reports, the Banque de France is also mulling a Euro 75 million ($90 million) investment at its Vic-le-Comte paper mill. The company reportedly aims to upgrade the site's production machinery and develop its activity, especially through the acquisition of a new paper machine and the construction of a new building to house it. The management of the Banque de France declined to comment on the project, adding that the decision to start such work has not been taken yet.