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CFI: Signing of contracts with Panayides & Cyprometal for construction of shed

Subject: Construction of new shed of £700,000

On March 17, 2004, Cyprus Forest Industries signed the contracts with A. Panayides Constructing Ltd and Cyprometal Ltd, who successfully submitted the offer for the construction of a new shed in the existing facilities of the Company in Palaiometocho.

The total cost of the contract will reach £700,000 and the project will be completed in 2004.

The new shed will accommodate the new melamine factory of the Company and will be used as a storage space for raw materials and final products.

Thursday, 18 March, 2004 - 09:42