Schweighofer and Egger investments in Suceava

Officials of the Austrian firms Schweighofer and Egger announced on Friday in Radauti that this spring they would start construction works on several plants in the area, with the first stage of investment worth around 300 million euros. The owner of Schweighofer Holzindustrie, Gerald Schweighofer, stated that together with Egger, he took the decision to invest in a wood processing plant in the Radauti area. He said that Schweighofer Holzindustrie would invest 80 million euros in a wood processing plant by the end of next year, and employ over five hundred people. Holzindustrie Schweighofer invested some 80 million euros in a timber plant in 2003 in Sebes. The Egger group has production facilities in Austria, Germany, France, Great Britain and Russia. ZF