TURKEY (From news reports) -- Hamburger Turkey Ltd., part of the Austrian Prinzhorn Group, has signed a land purchasing agreement to set up a third paper mill in Kütahya, Turkey.
The new paper machine will have state-of-the-art technology, a width of 7,80m and an annual production capacity of 480,000 tonnes containerboard, mainly light-weight testliner and fluting. The Euro 300 million investment will create 500 new jobs and is planned to be finalized in 2020.
"Turkey is an important market for us and this investment shows our strong commitment to this fast growing region. If all relevant factors, such as governmental permissions and political stability, show a green light we are happy to proceed with the next project steps," said Cord Prinzhorn, CEO of Prinzhorn Group.
Hamburger Turkey Ltd. is part of the Hamburger Containerboard Division with a total of seven paper mills in four countries and 2 million tonnes of produced container board per year. The two existing paper mills in Turkey are based in Corlu and Denizli.
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