MM Group has taken a step towards increasing the competitiveness of its MM Kwidzyn board and paper mill in Poland and has approved a comprehensive investment project of EUR 600 million. The investment project will involve energy and CO2 cost reduction, pulp integration and entry into the market for sack kraft papers.
Apr 26, 2023
The MM Group (MM) has approved a comprehensive investment project to increase the long-term competitiveness of its largest board and paper mill, MM Kwidzyn in Poland. The investment project of around EUR 660 million will involve energy and CO2 cost reduction, pulp integration and entry into the market for sack kraft papers to set the mill up for sustainable future success. The implementation of the investment project is planned for the years 2023-2026 with disbursements until 2027. Financing is planned from internally generated resources.
The project is divided into three parts. The investment in a new recovery boiler and a new steam turbine is expected to contribute to a significant reduction in energy costs and a reduction in the carbon footprint, to meet future market requirements and achieve the goal of “Net Zero Carbon Emission”. Additionally, the share of green energy is to be significantly increased by investing in a second pulp line and a pulp dryer, thus improving vertical integration and reducing dependence on market pulp.
In parallel, paper machine 1 (PM1) is to be converted from copy paper to sack kraft paper. This way we are investing in the growing market of sack kraft papers and reducing our exposure to the declining copy paper market.