Spanish inegrated packaging producer Saica has secured funds for investments it is planning at two French containerboard mills. Modernisations will be implemented at the Laveyron and Vénizel sites, Euwid reports.
Saica will get subsidies from the government's industrial investment promotion fund, which the company plans to use for several upgrades to its containerboard mill.
According to a government press release, Saica wants to revamp raw material handling to improve the quality of recovered paper. The company will also invest to improve processing of end-of-life wood. Saica further plans to install a new biomass boiler to significantly reduce reliance on natural gas and landfills.
According to Euwid citing local media reports, the company expects to invest a total of €117m in the site.
Saica took ownership of the Laveyron mill when it acquired French group Émin-Leydier in 2018. The site produces recycled containerboard on two machines which have a capacity of 160,000 tpy and 340,000 tpy respectively.