Metsä Tissue to Invest EUR 30 Million in Düren Mill in Germany
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Metsä Tissue Corp., Finland, this week announced plans to invest nearly EUR 30 million in its newly acquired capacity at the Düren mill in Germany. The sum includes approximately EUR 10 million invested in a paper machine (PM 5), related real estate, and infrastructure assets purchased from M-Real in a deal announced last week. The transaction closed this past Tuesday. The mill will specialize in producing the company's baking and cooking papers sold and marketed under the SAGA brand.
The investment program will kick off immediately with a machine rebuild scheduled to be ready during the second quarter of 2011. The rebuilt paper machine will be equipped with enhanced coating options and supported by five converting lines and other related equipment. One of the converting lines is brand-new and the others will be moved gradually from Finland. Converting is scheduled to startup between February and July 2011. Baking and Cooking production at the company's Mänttä mill will be downsized from two paper machines to one during the first half of next year when the 82-year-old paper machine is shutdown.
"With the help of these newly acquired and rebuilt assets, we will further enhance SAGA's product quality and launch new products and categories strengthening the brand. We will do this in close co-operation with our end-users," says Raija Mörö, SVP, Baking & Cooking business.
   
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