Cartiera Val Posina's idled mill in Italy that makes wrapping paper for food industry could resume production as new entity called Progetto Carta, backed by two investors, says union official

LOS ANGELES , November 11, 2011 () – Cartier Val Posina SRL’s idled Italian mill that makes wrapping paper for the food industry might resume production with the backing of two new investors, reported EUWID-Paper on Nov. 11.

Esperia and Fuggion are interested in restarting the mill under the new name Progetto Carta, said a spokesperson for the Italian General Confederation of Labor’s communications workers union.

The investors plan to come up with a business plan within two to three weeks, the spokesperson added.

Italy-based Cartiera Val Posina, which is facing financial troubles, temporarily laid off its workers at the beginning of July, EUWID reported

The primary source of this article is EUWID-Paper, Gernsbach, Germany, on Nov. 11, 2011.

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