The Krško-based paper factory Vipap Videm concluded three major projects aimed at modernising the plant. As part of the ecological and technological upgrade of the company, they introduced a new cauldron for burning bark and slime, a completely renovated paper machine, and a new plant for the processing of waste paper. The total value of the investments made so far in the company amounts to EUR 115m, and another EUR 135m are expected to be allocated for the renovation programme of Vipap Videm until 2006, said the company's director Oldrich Kettner. No new information was given by the company about the supposed suspension of cellulose production. According to the current plans, the announced move would cause 380 to 420 employees to lose their jobs by March 2004.