April 28, 2015
Dispute settled between Andritz and Stora Enso
In 2014, the Austrian machine manufacturer Andritz has initiated arbitration proceedings against Stora Enso-Arauco joint venture in Montes de la Plata, Uruguay. Andritz claimed EUR 200 million for matters that relate to contracts for the delivery, construction, installation, commissioning and completion by Andritz of major components of the Montes del Plata pulp mill project located at Punta Pereira in Uruguay. The joint venture, Celulosa y Energia Punta Pereira (CEPP), disputed the claims and also actively pursued claims of its own amounting to USD 110 (EUR 91) million against Andritz for breach by Andritz of its ...
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