Heinzel Group to build second paper machine in Pöls

The Heinzel Group has now initiated its next strategic initiative in the packaging paper segment. This will see the installation of a second large paper machine for the production of bleached kraft papers at the Zellstoff Pöls AG location in Austria. So-called MG papers are employed for flexible packaging and demonstrate above-average market growth. Kurt Maier, the Heinzel Holding CEO: “Using the new machine, we will be able to manufacture 200,000 tonnes of MG papers annually at the Pöls location. With pulp production in Pöls being expanded at the same time, this has only marginal impact on our annual market pulp capacity of 400,000 tonnes. Following our recent investments at our Raubling and Laakirchen mills, the Pöls project represents another step forward on our packaging paper segment path.”

Naturally enough, Andreas Vogel, the Zellstoff Pöls AG CEO, is also delighted at the prospect of spending in the three-digit million range at his mill: “The installation in 2013 of the first large machine for our Starkraft papers was already a success story and now our aim is to become the largest producer in this market segment.” Building work for the new machine is to commence in Pöls during this summer and operation is scheduled to start in early 2019.

The additional capacity is not only intended for the enhanced service of Starkraft customers in Europe, but also makes Zellstoff Pöls AG consider itself well-equipped for the global market. Werner Hartmann, the Director of the Starkraft Business Unit in Pöls: “We will be able to offer all our customers attractive and highly specialised papers produced on a state of the art machine and possessing the same quality and reliability that has characterized Starkraft already for years.”
http://www.heinzel.com/en/news/heinzel-group-to-build-second-paper-machine-in-poels/

Related Posts

“Paper as a Sustainable Story”: The history of Lecta at the 2023 Frankfurt Book Fair

With the slogan "Paper as a Sustainable Story", Lecta will present its innovative range of top quality recyclable, biodegradable paper especially designed for the publishing industry. The Condat and Garda brand coated papers and the Coral Book ​uncoated papers are the perfect canvas for the compelling stories and journeys books take us on. Made using natural, renewable raw materials, these papers are a reflection of Lecta's commitment to sustainability and its ongoing search for environment-friendly paper solutions. In this edition, Lecta's goal is to strengthen its relationship with the publishing sector by also sharing its ESG (Environmental, Social, and Governance) initiatives and targets. This is part of our continuous efforts to become an increasingly sustainable company, and thus contribute to creating a better world.

International Paper Reaches Agreement to Sell Ownership Interest in Ilim Joint Venture

International Paper announced that it has entered into an agreement to sell its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for $484MM (USD) equity value. The sale is subject to regulatory approvals in Russia. This transaction indicates ~$3.5 billion in total enterprise value (TEV) for Ilim based on a ~3.1X EBITDA multiple on 2022 full-year results*. The Company also received an indication of interest from its JV partners to purchase all of the Company's shares (constituting a 2.39% stake) in JSC Ilim Group for $24MM (USD) on terms and conditions to be agreed. The Company intends to pursue an agreement to sell the JSC Ilim Group shares, and to divest other non-material residual interests associated with Ilim, to its JV partners.

Clearwater Paper Reports Third Quarter 2020 Results

For the third quarter of 2020, Clearwater Paper reported net sales of $457 million, a 3% increase compared to net sales of $445 million for the third quarter of 2019. Net income for the third quarter of 2020 was $21 million, or $1.28 per diluted share, compared to net loss for the third quarter of 2019 of $11 million, or $0.66 per diluted share. For the first nine months of 2020, Clearwater Paper reported net sales of $1.4 billion, a 7% increase compared to net sales of $1.3 billion for the first nine months of 2019. Net income for the first nine months of 2020 was $55 million, or $3.27 per diluted share, compared to net loss for the first nine months of 2019 of $8 million, or $0.46 per diluted share.
Back To Top
×Close search
Search