Kotkamills Group Oyj
STOCK EXCHANGE RELEASE
22 July 2016, at 4 pm (CET + 1)
The new consumer board machine BM2 of Kotkamills Oy, the subsidiary of Kotkamills Group Oyj, has started production in Kotka, Finland. A range of folding boxboards will be produced under the brand name AEGLE and a range of food service boards under the brand name ISLA.
BM2 has the capability to produce dispersion barrier coatings directly on the machine, producing barrier boards that can be recycled with normal paper waste due to having zero plastic content.
"The interest in our new sustainable products has been massive. The new machine offers a wide range of interesting possibilities for converters, brand owners and designers alike. Another of the machine's unique features is the ability to produce board with a silk matte surface, providing brand owners the possibility to make their product really stand out," says Markku Hämäläinen, CEO of Kotkamills.
The Consumer Boards business will serve two main market areas. The first is the market for the production of packaging for food, confectionery, pharmaceuticals and cosmetics. The second is the market for food service boards for disposable cups and plates. All products are based on Nordic fresh forest fibres and come with the unique possibility of the addition of on-machine dispersion coated barriers to replace the non-renewable plastics traditionally used.
The new machine will provide an increase to the environmental performance of the site by significantly decreasing the consumption of electricity and water compared to the former paper production process. The consumption of water per tonne of CTMP will be almost halved compared to earlier.
Kotkamills' Consumer Board machine BM2 in short
- Production capacity 400,000 t/a
- Primary products: high-quality Nordic folding boxboard and recyclable barrier board for the packaging industry and food service sector
- Total investment ca.170 MEUR
- More than 5 MEUR has been invested in the effluent treatment plant, improving the cleanliness of the waste water
- Main machinery suppliers: Bellmer Vaahto Paper Machinery Oy (from the wet end to drying section of the machine) and Valmet (online coating section, reeler, winder and CTMP plant)
Kotkamills Group Oyj Board of Directors
For additional information, please contact:
CEO Markku Hämäläinen, tel.+358 40 721 0548, markku.hamalainen@kotkamills.com
DISTRIBUTION: Nasdaq Helsinki Ltd Key media www.kotkamills.com
Kotkamills Group in brief
Kotkamills is a responsible partner that delivers renewable products and high quality performance to its customers' processes via product innovations created from wood, a renewable raw material. Kotkamills' key brands include Absorbex® and Imprex®, both innovative laminating paper products for the laminate and plywood industries. Moreover, Kotkamills also offers ecological, technically sound and visually attractive wood products for demanding joinery and construction. The start-up of the new board machine producing totally recyclable Consumer Board products is due in 2016. www.kotkamills.com
Disclaimer The information contained in this release shall not constitute an offer to sell or the solicitation of an offer to buy securities of Kotkamills Group Oyj in any jurisdiction.
HUG#2028955
