Kotkamills to Make Pre-Feasibility Study for New Saturating Base Kraft PM

 

To prepare Kotkamills Absorbex Oy, Finland, a subsidiary of Kotkamills Oy and the leading global supplier of laminating papers, to meet the increasing demand, as well as to replace the discontinuing production volume of PM 7 in Tainionkoski, Imatra, Finland, Kotkamills Oy has started the pre-feasibility study for a new paper machine (PM 3) in Kotka, Finland. The final decision of this possible investment will be done by the end of this year (2018). The capacity, cost estimation, and startup timing of the PM 3 will be published later on subject to the positive investment decision.

 

After the possible startup of the new PM 3, Kotkamills Oy is maximizing the integration advantages of the Kotka site. In addition to the efficient investment cost of PM 3 to the already available infrastructure, the energy and fixed costs per produced volumes of the whole integrated site would be lower than today. The possible investment would have a positive impact on the profitability of Kotkamills Group.

 

In addition to the possible PM 3, Kotkamills Absorbex Oy will subcontract certain Laminating Paper grades from one or more European paper companies. First laminating paper trial reels from an external producer have already been delivered to a customer of Kotkamills Absorbex Oy. 

Kotkamills has two production sites in Finland, located in Kotka and Imatra. The majority shareholder of Kotkamills is MB Funds, a Finnish private equity firm. The company has approximately 500 employees. Its 2016 turnover was EUR 219 million.