Ukrainian Paper Mill resumes its operation
Business revives at the Zhydachiv Pulp and Paper Mill. For the first time in 2 years since the shutdown of the plant the workers began to receive a salary. “On December 23 employees receieved an advance for December”, – said Alexzndr Rudnickyi, court-appointed administrator of Zhydachiv Pulp and Paper Mill.
“According to the rehabilitation plan approved by the court, the company began work on the restoration of the production process. And we expect that plant will start its operation in April 2017″, – added Alexander Rudnickyi.
Looking back the Economic Court of Lviv region in August 2016 decided to introduce the readjustment procedure (output of the bankruptcy) on Zhydachiv Pulp and Paper Mill. In November, the court approved the rehabilitation plan and financial assistance for the plant that will allow to restart production process and preserve the integrity of the property complex of the enterprise.