2000News

State-owned paper factory to be privatized

The Reform Commission for Public Enterprises (CREP) announced that the state-owned pulp and paper mill will be sold to the highest bidder, Antonio Isa Conde, CREP chairman, said that the National Paper Industry (INDUSPAPEL), yet another of the state’s inefficient businesses, has accepted offers from several interested parties. INDUSPAPEL is capable of producing 17 different types of paper and cardboard, and its assets include warehouses, equipment, laboratories, and raw materials.