Turkey: Hamburger Turkey, part of Austria's Prinzhorn Group, has signed a land purchasing agreement to set up a third paper mill at Kütahya.
The new paper machine will have state-of-the-art technology, a width of 7.80m and an annual production capacity of 480,000t containerboard, mainly light-weight Testliner and Fluting. The Euro300m investment will create 500 new jobs and is planned to be finalised 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, chief executive officer (CEO) of Prinzhorn Group.
Hamburger Turkey is part of the Hamburger Containerboard Division of Prinzhorn Group with a total of seven paper mills in four countries and 2Mt/yr of produced containerboard. The two existing paper mills in Turkey are based in Corlu and Denizli.
