PAPER HAS BEEN MANUFACTURED ON THIS SITE SINCE 1838.# The former VEB Papierfabrik Hainsberg

Owned by Mercer International (formerly Pacific West Realty) from Washington state USA after the fall of the GDR. Bought just prior to this photo in 1993 at a giveaway price, though money was invested.....

"With a focus still on environmental services, Mercer gained a foothold in the paper industry in 1993 with the acquisition of Dresden Paper AG, a state-owned paper recycling company. Mercer was able to buy Dresden Paper, whose assets were valued at $76.8 million, for just $660,000 plus the guarantee of 490 jobs and the investment of $49 million over the next three years to upgrade the facilities. Moreover, the state agreed to forgive $80 million in debt owed by Dresden Paper and pledged as much as $41 million to help the company meet short-term financial requirements. Mercer's investment would also be financed with state-subsidized low-interest loans, and the company was in line to receive a rebate of 31 percent of its investment as a cash payment. " Mercer sold this business in 2000. Now it is called Papierfabrik Hainsberg GmbH and the LETTURA www.hainsberg-papier.de/produkte_lettura.php LETTURA papers are made from 100% recycled constituents.