Posted in: Packaging Technology 06/09/2015 - 14:58
RENKUM, The Netherlands, June 4, 2015 (Press Release) -Graphic paper manufacturer Parenco invests approximately one hundred million euros with its owner H2 Equity Partners in the conversion of its paper machine 2 (PM2). This machine was idled in 2009 by its then owner due to the declining demand of newsprint paper. After the conversion, PM2 will produce about 385,000 tons of packaging paper from mid-2016, intended for the production of corrugated board. With this investment, Parenco creates approximately sixty new jobs.