Toscotec announces an important expansion of the company’s structure of the Paper & Board division,...
August Koehler announces record investments
Following the recent decision of the Supervisory Board of Papierfabrik August Koehler SE, the globally active paper specialist will have invested approximately half a billion Euro in growth by 2020. “We’re able to do this thanks to our position of strength and exceptional business developments in the past,” explains Kai Furler, CEO of the German family-owned company. More than €300 million is also being directed to the Kehl production facility, where Koehler will be creating more than 100 new jobs over the next two years.
The primary investment is going to a leading global technology in the form of a specialty paper machine with Yankee cylinder. The off-machine coater will be equipped with multiple cutting-edge coating application technologies in order to help shape attractive market segments in the sector of flexible packaging. The total capacity will be well over 100,000 tons a year. That represents a clear commitment to paper and board, says CEO Kai Furler, as well as the largest individual investment in the company’s 210-year history.
“Our portfolio is profitable, diverse, and focused on further growth,” says CEO Kai Furler, explaining that the investments are intended to ensure it stays that way. He says that they also went in search of extremely sustainable and high-volume growth, which is precisely what they found in the future market of flexible packaging.
Koehler will place its focus on flexible paper-based packaging solutions, offering alternatives to brand manufacturers, converters, and printers with its future FlexPack range.
Flexible packaging in the form of paper-based packaging solutions is sustainable and eco-friendly, as demanded by more and more consumers, for example when it comes to food packaging at the supermarket.
“In this segment, it’s customer requirements that shape the market,” says Dr. Stefan Karrer, Chief Technology Officer, describing the current situation. “The trend is moving toward sustainable packaging made from renewable raw materials. Koehler has accepted this challenge and, with its technology, will assume a clear pioneering role that will be hard to beat internationally.”