# RIDG Holding to invest CZK 250m in Vipap Videm Krško paper mill

New owner RIDG Holding is investing more than CZK 250 million (about EUR 10 million) in Slovenian paper mill Vipap Videm Krško to produce food packaging paper and upgrade technology.

- Type: Investment
- Announced: 2020-07-22
- Where: Krško, Slovenia
- Value: $11.4M (250.0M CZK)
- Status: announced
- Products: food packaging paper, paper bags, carrier bags
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Vipap Videm Krško](https://endata.com/companies/6779.md)
- [RIDG Holding](https://endata.com/companies/6778.md) (investor)

## Sources

- [euwid-paper.com](https://www.euwid-paper.com/news/companies/vipap-videm-krsko-to-start-food-packaging-paper-production/), 2020-07-22: "The money will be invested in the production of paper for food packaging, but also in a general technology upgrade."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.