Hamburger Containerboard Buys Land for New Mill in Kütahya, Turkey

Hamburger Turkey Ltd., part of the Austrian Prinzhorn Group, has signed a land purchasing agreement to set up a third paper mill in Turkey. The location is situated 250 km southeast of Istanbul. The new paper machine will have state-of-the-art technology, a width of 7.80 meters and an annual production capacity of 480,000 metric tons of containerboard, mainly lightweight testliner and Fluting. The EUR 300 million investment will create 500 new jobs and is planned to be finalized in 2020.

"Turkey is an important market for us and this investment shows our strong commitment to this fast growing region. If all relevant factors, such as governmental permissions and political stability, show a green light, we are happy to proceed with the next project steps." said Cord Prinzhorn, CEO of Prinzhorn Group.

"We are excited to have found such an excellent location for this project. This additional paper mill will help us to secure our high quality paper supply to our customers," added Harald Ganster, MD of Hamburger Containerboard Division.

Hamburger Turkey Ltd. is part of the Hamburger Containerboard Division, with a total of seven paper mills in four countries and 2 million metric tons of produced containerboard per year. The two existing paper mills in Turkey are based in Corlu and Denizli.

Hamburger Containerboard Division is part of the Prinzhorn Group, Vienna, Austria, which employs 6.300 people in 15 countries and ranks among the European market leaders in the recycling, paper, and packaging industry. With an annual turnover of EUR 1.23 billion, the group is number three in Europe in this segment. The family-owned Prinzhorn Group is structured in three divisions—Dunapack Packaging (corrugated packaging solutions), Hamburger Containerboard (production of containerboard), and Hamburger Recycling Group (collection and trading of secondary raw material).