08 December 2020

MAYR-MELNHOF KARTON TO INVEST EUR 100 MILLION IN FROHNLEITEN BOARD MILL IN AUSTRIA

Mayr-Melnhof Karton announced that it plans to invest EUR 100 million in its Frohnleiten board mill in Austria. The focus of the investment will be on sustainability, digitalisation and capacity expansion.

"This is the largest investment that the MM Group has ever made in Austria," said Peter Oswald, Chairman and CEO of Mayr-Melnhof Karton.

The comprehensive renewal and expansion program will take place in 2021 and 2022.

According to the company, innovative fully digitalized processes will significantly increase the efficiency of the stock preparation while reducing specific energy and water consumption. The latest production technologies in cartonboard manufacturing will increase product quality and capacities as a prerequisite for further applications of recycled cartonboard, e.g. also as a substitute for plastic. Highly automated logistics will significantly accelerate the movement of goods.

"Circular Economy is an integral part of the MM Group's business activities; technological leadership and sustainability are an essential part of our long-term concept for success. The historic investment in the Frohnleiten mill is a triple win," Oswald said.