Finland-based M-real, Europe’s primary fibre paperboard producer and a major paper supplier, has invested approximately €16m at Kemiart Liners mill.
M-real Corporation, part of Metsäliitto Group, has decided to invest at the Kemiart Liners mill by modernising the coating section. Through the investment, M-real focuses more on the coated grades and improves the product quality. The investment will be made during 2011 and the total value of the investment is approximately €16m.
M-real CEO Mikko Helander stated that this investment is an important development step for strengthening M-real’s market and quality leadership.
M-real has, according to the earlier announced plans, made a final decision to invest in the expansion of the cartonboard production and sheeting operations at the Simpele mill. The value of the investments is expected to be approximately €26m, which are expected to be completed in summer 2011.