Progroup Announces Location for Recycled Board Mill
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German-based Progroup AG has announced it will build its next recycled-content paperboard mill near Saxony-Anhalt, Germany. Progroup says it expects the construction of its PM3 paper machine line to start in the first quarter of 2019 and to be completed in the second half of 2020.
In February 2018, the company announced plans to build a facility in Germany but deferred on announcing the location.
The company is expected to invest around €375 million ($442 million) on the construction of the paper mill. The paper machine being built will produce both corrugated medium and testliner.
Progroup reported the machine will be capable of producing around 750,000 metric tons of corrugated board per year. When the new machine is operational the company will have a combined annual production capacity of around 1.85 million metric tons.
The company said the investment is part of a project to add four corrugated board plants by 2021. The construction of PM3 means Progroup "is now entering the intense phase of its Two Twentyfive strategy period," the firm stated in a news release.
