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Investment
Metso to build German mill
Metso Paper will supply a paper making line to the greenfield mill of Propapier GmbH & Co. KG in Germany. The new line, producing up to 650,000 tonnes of liner and fluting grades of 70-130 g/m2 annually, will be located in Eisenhüttenstadt, near the Polish border, and will come on stream in late 2009.As the investment is still subject to approvals, a dissolution clause is included. The total value of the order is approx. EUR 200 million.
Propapier GmbH is part of Progroup, a group of companies offering products and services for the corrugated board-processing industry. Propapier currently produces 320,000 tonnes of testliner and corrugated medium annually with one of the most modern production lines in the world.
Metso is a global engineering and technology corporation with 2007 net sales of approximately EUR 6 billion. Its almost 27,000 employees in approximately 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.
