The Supervisory Boards of Laakirchen Papier AG and Heinzel Holding GmbH approved the extensive investments for the expansion of the Laakirchen paper mill in Austria involving total spending of over Euro 100 million.
Kurt Maier, the Heinzel Holding CEO: “With these investments we will turn Laakirchen with its two paper machines into one of the most competitive and environmentally friendly paper mills in Europe – on a sustainable basis. A precondition for the realization of this project is a substantial efficiency program supported by all employees.”
The investment programme consists of two elements. Firstly, the paper machine 10 is to be converted to produce lightweight containerboard using wastepaper as fibre base.
Secondly and simultaneously, the production capacity of the paper machine 11 producing SC paper for magazines, catalogues and commercial print will be extended considerably.
Mark Lunabba, the Laakirchen Papier AG CEO: “Laakirchen will be able to produce nearly 800,000 tons of paper annually, which means that the long-term future of the location is secured.”
Heinzel Group ranks among the largest producers of market pulp and magazine paper in Central and Eastern Europe.