Velvet CARE to Establish Third Paper Machine in Five Years, Part of USD 91 Million Investment Project - Papermart

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Velvet CARE to Establish Third Paper Machine in Five Years, Part of USD 91 Million Investment Project

Europe-based Velvet CARE, following its USD 91 million project, is establishing its third paper machine in 5 years. The new paper machine will boost annual capacity by around 40% to 210,000 tonnes. The project will also construct an accompanying automated warehouse for tissue products.

Jul 24, 2023

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Velvet CARE is set to build its third paper machine within 5 years, following the company’s USD 91 million project, aimed towards solidifying its market position, increasing efficiency and making production more sustainable. The company will receive support from the Kraków Technology Park for the investment, making it Velvet CARE’s third project with the special economic zone. The new paper machine will boost annual capacity by around 40% to 210,000 tonnes. The project includes the construction of an accompanying automated warehouse for tissue products. The new investments will help Velvet CARE use heat and other energy sources more efficiently, reduce water and raw material use, minimize waste and support circular-economy processes. As per a recent ESG report, Velvet CARE has slashed CO2 emissions and water usage per tonne of output by half since 2013, while increasing tissue production by four times.

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Mr. Artur Pielak, Velvet CARE’s Chief Executive, shared, “With this project we’re keeping up our rapid pace of growth as we pursue our goal of becoming a regional leader in consumer tissue product manufacturing. We’re continuing to build scale and deliver value for our shareholders, while also having a positive impact on our community and the regional economy – as demonstrated by our ongoing partnership with the Kraków Technology Park. It’s especially meaningful for us to reach this milestone as we celebrate the 10th anniversary of our management buyout, which launched the current chapter in the company’s 126-year history.” Velvet CARE brought its newest current tissue machine online in December 2021. That investment, which also received support from the Technology Park programme, followed another machine that had begun operating in 2018, the year the firm was acquired by Abris.