VIENNA, Austria, Sept. 14, 2015 (Press Release) -As of autumn 2015, Dunapack Mosburger, the Austrian market leader for corrugated packaging and subsidiary of the Austrian Prinzhorn Group, will invest a total of 30 million Euro into its Vienna location in the city's 23rd district. By purchasing a neighboring property in August 2015 which includes production and office space, the area of the site could be doubled from currently 40,000 m² to 80,000 m². This allows the installation of a 2.8 meter high performance state of the art corrugator. "Therefore the quality of our tailor-made, high-quality printed corrugated packaging solutions can be further increased and the service level for our customers can be further improved. With this project we will be able to meet the growing demand for customer oriented as well as individualized products and services even better," says Alexander Enzenberg, Managing Director of Dunapack Packaging Division, at the official announcement of the expansion plans.

With this 30 million Euro investment into modernization and expansion of the plant between 2015 - 2017 and with the necessary follow-up investments Dunapack intends to increase revenue in Vienna from now 78.5 million Euro to more than 100 million Euro. Dunapack will thus consequently follow its growth path, which provides benefits equally to customers and employees. In the long term, the expansion of the Vienna location will create about 50 new jobs, thus increasing the total number of employees from 280 to 330. The plant expansion and construction works are expected to be completed by the end of 2016.

"With continuous customer orientation, highest quality standards, creativity, innovation and sustainable production, Dunapack Mosburger managed to become market leader," explains Alexander Enzenberg. "Our extensive investment program in the Vienna location aims for even further improvement of these success factors."

About Dunapack Mosburger / Dunapack Packaging

Dunapack Mosburger is part of the Dunapack Packaging Division of the Austrian Prinzhorn Group. In its two Austrian sites in Vienna and Strasswalchen (Salzburg), Dunapack Mosburger produces high-quality printed corrugated packaging solutions with special consideration of ecological aspects: Around 85 % of the processed raw material is based on recycled paper. The entire Austrian production is also FSC-certified.

At the locations in Vienna and Strasswalchen a total of 546 employees were employed in 2014. The sales volume amounted to 340 million m². As an internationally operating group, Dunapack Packaging overall employs more than 3,300 employees in nine countries (Austria, Hungary, Germany, Ukraine, Croatia, Bulgaria, Romania, Poland and Turkey).

About Prinzhorn Holding

Prinzhorn Holding currently employs 5,335 employees in 13 countries and ranks among the European market leaders in the field of recycling, paper and packaging industry. With an annual turnover of 1.213 billion Euro, the Group is number three in this market segment. The family-owned Prinzhorn Holding, headquartered near Vienna, is structured in three divisions: Hamburger Recycling Group (waste paper collection and trading), Hamburger Containerboard (production of corrugated board base) and Dunapack Packaging (corrugated packaging solutions).