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Image header Agence Europe
Europe Daily Bulletin No. 10610
ECONOMY - FINANCE - BUSINESS / (ae) state aid

Investment aid for Mondi and Masdar

Brussels, 08/05/2012 (Agence Europe) - On Tuesday 8 May, the European Commission authorised public support for two regional investment projects - one in Poland in favour of paper companies Mondi Œwiecie and Mondi Packaging Paper Œwiecie (€83 million for the installation of a new paper machine manufacturing containerboard and a new cardboard box plant in Œwiecie) and one in Germany in favour of German solar module producer Masdar (€12.9 million for a second solar module production line next to Masdar's existing plant in Ichtershausen, Thuringia). The Commission concluded that the measures comply with the regional aid guidelines because the aid intensity, the beneficiaries' market shares and the capacity created by the assisted projects are sufficiently low to ensure that the benefits of the aid for regional development will outweigh any potential distortions of competition brought about by the aid. (LC/transl.fl)

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