This investment includes a new recovery boiler at the mill to increase pulp production, reduce the mill's environmental footprint and improve the overall cost position. The projects will cover improvements in chemical recovery and green energy and heat production during the pulp production process.
"Our objective is to increase pulp production, produce more green energy and further improve our CO2 footprint. We are pleased that the Slovakian government is supportive of our long term presence in the country, which played an important role in our decision making" said Peter J. Oswald, CEO of Mondi's Europe & International division.
The new recovery boiler will be constructed over a two year period with an expected start-up in the fourth quarter of 2014.
Peter Orisich, CEO of Mondi's Uncoated Fine Paper business said "Mondi has invested over € 350 million in the mill over the last ten years to drive innovative production and operational improvements. This investment continues the development of Mondi SCP into a state-of-the-art facility in Slovakia," he added.
Mondi SCP is the largest integrated mill producing pulp and paper in Slovakia with pulp production exceeding 500,000 tonnes and uncoated fine paper production 535,000 tonnes.