Kemiart Liners Mill Investment |
(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)
M-Real USA Corp.
201 Merritt 7, 4th Floor
Norwalk, CT, 06851
USA
Press release date: October 11, 2010
M-real invests approximately EUR 16 million at Kemiart Liners mill - a final decision made regarding EUR 26 million investments in Simpele M-real Corporation, part of Metsäliitto Group, has decided to invest at the Kemiart Liners mill by modernizing the coating section. Through the investment M-real focuses more on the coated grades and improves the product quality. The investment will be done during 2011. The total value of the investment is approximately EUR 16 million.
"M-real is the European market leader in coated white top liners. This investment is an important development step that is further strengthening M-real's market and quality leadership", says CEO Mikko Helander.
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 EUR 26 million. The investments will be completed in summer 2011.
For further information, please contact:
Mika Joukio, SVP, Head of Consumer Packaging, tel. +358 10 463 3041
Juha Laine, Vice President, Investor Relations and Communications, tel. +358 10 465 4335
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