Pfleiderer: Delays in construction of new MDF/HDF plant in Russia
06/11/2008 - 08:20
MDAX-listed
Pfleiderer Aktiengesellschaft, ISIN DE0006764749, has announced
delays in the construction of the new medium/high density fiberboard
(MDF/HDF) plant at its Podberesje (Novgorod) location in Russia.
Because of considerable delays in the progress of construction
attributable to the lead construction contractor, Pfleiderer AG is
exercising interruption clauses specified in its contracts with machinery
suppliers. The future course of the project will be decided after further
progress is made in construction, at the earliest at the end of the first
quarter of 2009.
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