Metsä Board will not invest in the Kaskinen folding boxboard mill

Metsä Board announced on 15 September 2022 that it will start pre-engineering for a new folding boxboard mill in Kaskinen, Finland. The pre-engineering has now been completed and Metsä Board has decided not to proceed with the investment in the Kaskinen folding boxboard mill. The total cost of the planned investment was significantly higher than originally estimated, meaning that the targets for payback time and return on capital employed would not have been met.

Metsä Board has decided to launch programmes for new product options as well as growth and development investments at its existing mills in order to implement its strategy to grow in fibre-based packaging materials and renew its industrial operations. The programmes will support Metsä Board’s target of fossil-free production by the end of 2030. In addition, the company will continue to develop packaging solutions that reduce the use of plastics.

At the Husum integrated mill in Sweden, Metsä Board will start a programme to introduce new products on the current white kraftliner production line (BM2). Metsä Board launches a major investment programme to modernise the Simpele board mill, which will be implemented in phases. At the Kyro board mill, an investment programme will be launched to improve the performance of the current barrier board and expand its end-use areas.
more at: https://www.metsagroup.com/metsaboard/news-and-publications/news/2024/metsa-board-will-not-invest-in-the-kaskinen-folding-boxboard-mill/

Related Posts

Amcor announces breakthrough healthcare lidding technology for combination products

Amcor announced the launch of a proprietary healthcare lidding technology that will be utilized for combination products – those consisting of two or more regulated components (device, drug or biologic). This latest innovation from Amcor is based on a patented inert film development and laminate design. It provides a lidding solution that can withstand heat sterilization, the process of preserving and sterilizing items, while preventing drug uptake into the packaging. The packaging solution is ideal for combination healthcare products, such as devices with an Active Pharmaceutical Ingredient (API) that forms the basis of a medicine. It ensures machinability, integrity after sterilization, as well as a convenient peel opening for patients. The features of the new product complement Amcor’s existing healthcare portfolio, which range from lidding for demanding sterilization environments to high barrier overwraps protecting eye droppers and medications for the eye. Amcor collaborated with Johnson & Johnson Vision over the course of several years to develop the lidding technology for use with contact lenses. ch company contributed specific skills and perspective, notably Amcor’s expertise with film extrusion, lamination and conversion for healthcare, and J&J Vision’s expertise on ophthalmic device packaging requirements.

DS Smith Announces Full Year 2019/2020 Results

For the full year, revenue (continuing operations) declined 2 per cent on a constant currency basis. There was a positive contribution from European corrugated box volumes (£22 million) and an incremental c. nine month contribution from Europac (which was acquired in mid January 2019) of £376 million, offset in Europe by reduced pricing of external paper, recyclate and box prices (together down £285 million year on year), and a decline in other volumes particularly due to increased paper and recyclate integration and reduced volumes of corrugated sheet (down £175 million). The reduced sales price across the European operations was driven principally by a fall in testliner and kraftliner pricing, which partly fed through into corrugated packaging pricing progressively through the year as indexed contracts adjusted for the market price of paper, the main input cost. The North America business also recorded a fall in revenue (down £63 million), principally reflecting lower paper prices into the export market. Operating profit improved 6 per cent (constant currency) to £455 million (2018/19: £427 million).

Successful start-up of cutting-edge paper machine Grupo Gondi PM 7 in Mexico

At the beginning of January, the PM 7 of Grupo Gondi, one of Mexico's largest paper manufactures, was successfully commissioned at the new Papel y Empaques mill in Monterrey. The paper machine is set to produce 400,000 tons of high-performance light weight recycled containerboard annually with Voith's leading technology. Eduardo Posada, CEO of Grupo Gondi, says: “The plant is one of the most modern recycling board mills in Latin America. The start-up of PM 7 is an important step for us. Together with Voith, we will continue our efforts to increase our market position for high-performance lightweight recycled containerboard in Mexico and Latin America with innovative production solutions.”
Back To Top
×Close search
Search