Hamburger Turkey Ltd., part of the Austrian Prinzhorn Group, has signed a land purchasing agreement to set up a third paper mill in Turkey. The location is situated 250 Km south-east ofIstanbul. The new paper machine will have state-of-the-art technology, a width of 7,80m and anannual production capacity of 480.000 tonnes containerboard, mainly light-weight Testliner and Fluting. The 300 Mio. Euro investment will create 500 new jobs and is planned to be finalized in 2020. “Turkey is an important market for us and this investment shows our strong commitment to this fastgrowing region. If all relevant factors, such as governmental permissions and political stability, show a green light we are happy to proceed with the next project steps.” said Cord Prinzhorn, CEO ofPrinzhorn Group.
“We are excited to have found such an excellent location for this project. This additional paper mill will help us to secure our high quality paper supply to our customers,” added Harald Ganster, MD of Hamburger Containerboard Division.
Hamburger Turkey Ltd. is part of the Hamburger Containerboard Division with a total of seven paper mills in four countries and 2 Mio tonnes of produced container board per year. The two existing paper mills in Turkey are based in Corlu and Denizli.
