Russians buy Klausner

Published: August 25, 2010; 19:15 · (Vindobona)

The financially ailing Tyrolean Wood Company Klausner has sold two of their last four German plants to the Russian competitors Ilim Timber.

Russians buy Klausner / Picture: © Vindobona.org

The money will be used to settle debts

The affected plants in Wismar (360 employees) and in the Bavarian mountain country (170 people) have a capacity of nearly two million cubic meters of timber a year. The plants in Thuringia and Saxony will stay with the group.

The sales price- in total €120m ($151.85) - is "used for restructuring and for the eradication…

This article includes a total of 193 words.

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