Pfleiderer Delays in Construction of new MDF/HDF Plant in Russia
NEUMARKT, RUSSIA – Pfleiderer AG announced delays in the construction of the new MDF/HDF plant at its Podberesje 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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