According to EUWID, the joint venture OOO Mayak-Technocell (MTC) will invest in a new paper machine in Penza, Russia over the next two years.
The new PM 6 will have an annual capacity of about 30,000 tonnes of decor paper and non-wovem wallpaper. It is expected to start operation in the first quarter of 2017.
The investment amounts to €50m, according to Euwid.