Displaying items by tag: MayrMelnhof Karton AG
ACQUISITION OF KOTKAMILLS SUCCESSFULLY COMPLETED
MM strengthens its position in virgin-fiber based cartonboard and innovative barrier cartonboard solutions for plastic replacement
The Mayr-Melnhof Group (MM) has completed the acquisition of Kotkamills, Finland, which was agreed in December 2020, after receiving approval from all relevant competition authorities. Through the acquisition, MM strengthens its position in the virgin fiber cartonboard (FBB) market with an attractive range of barrier cartonboard solutions that can replace PE (polyethylene) -coated cartonboard. Moreover, MM enters the growing cupstock market. This acquisition complements MM’s established market position in recycled cartonboard. In addition, MM diversifies the business with Saturating Kraft Paper in which Kotkamills is one of the global leaders.
"MM Kotkamills will take a strong and dynamic position within MM as the innovator in novel cupstock solutions based on water-based dispersion barriers applied by on-line technology. Our medium-term objective is to raise the sales volume to the capacity of close to 400,000 t of cartonboard per annum. We are looking forward to a successful cooperation with our new colleagues," says Peter Oswald CEO of the MM Group.
MM Kotkamills operates the most modern virgin fiber board machine in Europe (built in 2016) as well as a machine for Saturating Kraft Paper with a capacity of 170,000 t and a sawmill. The mill employs approximately 500 people and generated sales of around EUR 380 million in 2020.
MM is Europe's largest producer of cartonboard and folding cartons focusing on sustainable and innovative fiber-based packaging solutions. In 2020, the group generated sales of around EUR 2.5 billion and employed approx. 10,000 people.
Mayr Melnhof Karton to acquire Södra's Follafoss mill
Södra and Mayr Melnhof Karton have signed a Letter of Intent where Mayr Melnhof Karton intends to purchase 100% of the shares in Södra Cell Folla AS and thereby take over Södra's pulp mill in Follafoss.Mayr Melnhof Karton intends to resume operations at Folla as soon as possible, hopefully early in 2013. The parties' intention is to close the deal during the first quarter of next year.
Södra's pulp mill in Follafoss, Norway, has a capacity of 105,000 tpy of CTMP pulp. Södra announced its intention to divest the mill earlier this year.
Mayr Melnhof, based in Vienna, is a world leader in the field of coated, recycled cartonboard and Europe's leading manufacturer of folding cartons. The group's business is focused on MM-Karton and MM-Packaging.
Mayr-Melnhof Karton AG releases the half-year results 2010
The Mayr-Melnhof Group succeeded in benefiting from the temporary recovery that the economy demonstrated in the first half-year 2010. Capacities in both cartonboard production and folding carton manufacturing were utilized almost to the full. The distinct growth in volume was, however, accompanied by significant price increases in the procurement markets. Thus it was only possible to gradually pass on these price increases to our end customers. Thanks to the high level of productivity and cost-efficiency, the Group managed however to confirm its sustained earnings power in the first half of the 2010 business year.
There is no indication that any reversal of trend in the dynamic volume development will occur during the third quarter of the year. It will remain our priority to pass on in-creasing input costs to end consumers, as it is no longer possible to offset them by higher volumes given that capacity is already fully utilized.