GERMANY PET AID
April 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Commission has approved the payment by the German government of state aid worth Euro 28.13 million to DOW PET GmbH to extend its PET production site in Schopkau, Saxony, eastern Germany. The aid will be granted as investment premium via the country's Investitionszulagengesetz scheme and will meet 23.44 per cent of the total Euro 120 million cost of the project. DOW's second production plant at the site should have a capacity of 175 kt/year, creating 36 jobs directly. The aid was approved partly because Brussels considers Saxony a ...
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