Ruukki Group, a Finland-based company that focuses on wood-based industrial business operations, has scrapped its plans to build a large pulp mill and sawmill in the Kostroma Oblast in Russia. reports Helsingin Sanomat..The company did not accept the contract changes requested by the Kostroma authorities and decided to pull out of the project.
Ruukki is accusing the Kostroma local administration of contract violations and plans to seek damages in a local court of first instance.