KUTAHYA, Turkey, Sept. 13, 2017 (Press Release) -Hamburger Turkey Ltd., part of the Austrian Prinzhorn Group, has signed a land purchasing agreement to set up a third paper mill in Turkey. The location is situated 250 Km south-east of Istanbul. The new paper machine will have state-of-the-art technology, a width of 7,80m and an annual production capacity of 480.000 tonnes containerboard, mainly light-weight Testliner and Fluting. The 300 Mio. Euro investment will create 500 new jobs and is planned to be finalized in 2020.
“Turkey is an important market for us and this investment shows our strong commitment to this fast growing region. If all relevant factors, such as governmental permissions and political stability, show a green light we are happy to proceed with the next project steps.” said Cord Prinzhorn, CEO of Prinzhorn Group.
“We are excited to have found such an excellent location for this project. This additional paper mill will help us to secure our high quality paper supply to our customers,” added Harald Ganster, MD of Hamburger Containerboard Division.
Hamburger Turkey Ltd. is part of the Hamburger Containerboard Division with a total of seven paper mills in four countries and 2 Mio tonnes of produced container board per year. The two existing paper mills in Turkey are based in Corlu and Denizli.
The Prinzhorn Group
Hamburger Containerboard Division is part of the Prinzhorn Group, which employs 6.300 people in 15 countries and ranks among the European market leaders in the recycling, paper and packaging industry. With an annual turnover of 1,23 billion Euro, the group is number three in Europe in this segment. The family-owned Prinzhorn Group has its headquarters in Vienna / Austria and is structured in three divisions: Dunapack Packaging (corrugated packaging solutions), Hamburger Containerboard (production of containerboard) and Hamburger Recycling Group (collection and trading of secondary rawmaterial).