08.08.2021, 1264 Zeichen

Mayr-Melnhof: The Mayr-Melnhof Group (MM) has completed the acquisition of the Kwidzyn mill, Poland, which was agreed in mid-February 2021, after receiving approval from all relevant competition authorities. The acquisition of the Kwidzyn mill forms part of MM's strategy to grow in high quality virgin fiber-based cartonboard (FBB) with innovative, sustainable and cost efficient grades. Furthermore, MM is diversifying its product portfolio through the integration of an attractive pulp and paper production focusing on Uncoated Fine Paper (UWF) and Packaging Kraft Papers. In line with the enlarged product spectrum the division MM Karton changes its name to MM Board & Paper. "I am pleased that we enter two new core businesses, Uncoated Fine Paper and Packaging Kraft Paper. MM Kwidzyn will drive innovation for more sustainable packaging solutions in the growing virgin fiber-based cartonboard market and creates attractive new perspectives from the integration of pulp and paper at a site in Europe with cost advantages. We are looking forward to a successful cooperation with our new colleagues,” comments Peter Oswald CEO of MM.
Mayr-Melnhof: weekly performance: -2.01%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (06/08/2021)

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