The Austrian Pulp Mill Holding will invest over 160 billion rubles in the modernization of its Russian production facilities within the next several years, paying a particular focus for the building new sulphate-cardboard plant with a third cardboard machine (KDM-3) with a capacity of 700,000 tons of products per year.
Payback period of the project is 12 years. The start of the project is planned for 2022, the construction period is 4.5 years, and the planned date of the technological start-up is the end of 2026.
This has been recently confirmed by Dmitry Zylev, CEO of Arkhangelsk PPM JSC, Pulp Mill Holding’s subsidiary in Russia at a meeting of the Russian-Austrian Business Council.
Dmitry Zylev comments:
“The completion of this project will allow us to increase EBITDA, ensure the growth of the company's capitalization, and, of course, improve the environmental situation in the north of the Arkhangelsk region through the further introduction of the best available technologies. We will increase the annual production of pulp for cooking to 1,7 million tons, containerboard - up to 1,3 million tons».
As Zylev has also added Pulp Mill Holding, has been steadily investing in the development of Russian production for more than 15 years.
According to the press service, currently the number of personnel employed at the Russian plants of Pulp Mill Holding is estimated at 11,000 people.
By: Eugene Gerden
