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.

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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