Holmen invests EUR 60 million in Iggesund’s paperboard and pulp plants

December 29, 2014 |

In Sweden, the board of the Holmen Group has greenlighted investments totaling EUR 60 million in Iggesund’s mills in Iggesund, Sweden and Workington, England. At Iggesund the investments will eliminate bottlenecks in pulp production so it can be increased from the current 370,000 tonnes to 420,000 tonnes. The target for the board mill is to increase the capacity by 10 per cent without investments. The investment in Workington will increase the mill’s paperboard production capacity from the current 200,000 tonnes to 220,000 tonnes. This investment will also make the mill a leader in folding box board technology thanks to a rebuild of the paperboard machine’s press section which will increase product quality. The rebuild will be completed by June 2016.

Over a five-year period Iggesund Paperboard has invested strongly in strengthening its competitiveness via lower energy costs, whilst simultaneously minimising its use of fossil fuels. A total of EUR 361 million has been used for this purpose in both Workington and Iggesund. The investments announced now are more focused on increasing production.

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Category: Producer News

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