Arctic Paper Munkedals Acquires 50% of Kalltorp Kraft HB
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Arctic Paper Munkedals AB, Sweden, has acquired 50% of Kalltorp Kraft HB, Sweden, a water energy company running two water power stations in western Sweden with a total annual output of 5.0 to 5.5 GWhr/yr. At the same time, Arctic Paper Munkedals is projecting an increase in output at the current hydro power plant located close to the mill.
"The acquisition of Kalltorp and expansion of the hydro power station at the mill in Munkedal, Sweden, is in line with the earlier communicated strategy of Arctic Paper SA—to increase the independence of purchased energy by increasing internal production," said Michal Jarczyński, CEO of Arctic Paper.
"Arctic Paper has a strong focus on modern and environmental-friendly energy generation. Already today, Arctic Paper Grycksbo runs a biofuel power plant. Arctic Paper Kostrzyn runs a cogeneration gas-fired power station with efficiency over 93%," Jarczyński continued. Arctic Paper produces and markets graphic fine papers at the Munkedals mill and the Grycksbo mill in Sweden, the Kostrzyn mill in Poland, and at the Mochenwangen mill in Germany.
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