Germany: The European Commission has approved Euro33m investment aid to Hamburger Rieger. It designated the aid as being in line with European Union (EU) state aid rules, in particular the Guidelines on Regional State Aid for 2014 -2020, because it furthers regional development without unduly distorting competition in the single market. The German producer of paper and plasterboard liner has plans to invest Euro363m to upgrade its paper production capacity by setting up a new stock preparation process and building an additional paper machine in its plant in Spremberg.
"It's important that public investments foster economic growth in disadvantaged regions in Europe. We have carefully assessed the project. The investment aid to Hamburger Rieger will further develop the region without distorting competition and will help bringing truly innovative production processes to market," said EU Commissioner in charge of competition policy Margrethe Vestager.
