Thanks for the interpretation. I was skeptical about the previous announcement.
Who does own Forte at this point in time? In other words, did they again go into bankruptcy before ceasing production - or did the ownership simply decide to stop production to prevent further losses and preserve their capital?
Also, is it possible that Foma would simply assume control of the present-day Forte plant and do the coating there rather than attempt to produce the paper at Foma's own facilities?
Whatever the case, I appreciate the information.
The owner is the Csurgo investment group and they closed down the plant as they have other plan for the property as it's very attractive! The Csurgo group is an estate development group. They hardly ever have been at Forte at all and have a totally different location geographically speaking! Yes, they have losing “some” money but they are people who is got big money so they don’t care at all. They are not in the rush at all and even pay some money to all the employes with the closing down the plant!
Originally Posted by aldevo
Last edited by uraniumnitrate; 01-27-2007 at 02:28 AM. Click to view previous post history.
To answer the above highlited first.
Originally Posted by ADOX FOTOIMPEX
All the wannabe's who think they know it all but, know nothing.
And for the rest you wrote and this is not for you but to all other readers.
The situation described by Mirko is the very situation as is. It’s correct and thru by any means.
More likey just people who are gutted by the prospective dissappaerance of a beautifull paper. Cut them some slack and don't be obnoxious....
Originally Posted by uraniumnitrate