St. Veit an der Glan in Carinthia, southern Austria, will not be the home of a new tissue converting facility. Italy's Roto-cart, which was planning to spend up to Euro 70 million ($79.7 million) on the project, canceled its plan, due to, amongst others, the "tight financial situation of the state of Carinthia."

Roto-cart announced one and a half years ago that it was planning to build a tissue converting facility in the St. Veit industrial area. The project provided for the creation of around 120 jobs.

risiinfo.com