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German group to build new plants
Germany's Progroup AG has unveiled plans to construct a new paper factory for containerboard in Ger-many, and up to four corrugated sheetboard plants between 2019 and 2021.
The plans were announced following the release of the company’s improved financial results for 2017. Last year, Progroup reported sales revenues of about €804 million which represented an increase of about 10% compared with a year earlier.
In addition to its facilities in Germany, Progroup owns subsidiaries located in the UK, France, Italy, Poland, and the Czech Republic, according to data released by the manufacturer.