Heinzel Group, the international paper and pulp trading company which acquired Dutch cartonboard manufacturer De Eendracht Karton in late 2002, has announced a EUR70M development programme to boost performance and substantially increase throughput at De Eendracht’s Appingedam mill in north-east Holland.

The project, being financed via a EUR100M corporate Eurobond, will see the plant install a new 140 000-tonne cartonboard machine which, with a maximum operating speed of 700m/min, will be among Europe’s fastest such lines. Due to come on stream in early 2005, the PM11 machine will replace the factory’s existing PM10 system.