the timber network

MDAX-listed Pfleiderer Aktiengesellschaft, ISIN DE0006764749, has announced delays in the construction of the new medium/high density fiberboard (MDF/HDF) plant at its Podberesje (Novgorod) location in Russia. Because of considerable delays in the progress of construction attributable to the lead construction contractor, Pfleiderer AG is exercising interruption clauses specified in its contracts with machinery suppliers. The future course of the project will be decided after further progress is made in construction, at the earliest at the end of the first quarter of 2009.