LITOVEL, Czech Republic, Oct. 1, 2015 (Press Release) -At the end of September 2015, the PAPCEL Group signed another contract, this time with a customer from Saudi Arabia. A new paper machine with all the accompanying technologies for production of tissue paper will be delivered to a leading industrial holding. The line will produce papers for production of napkins, paper towels, tissues and toilet paper. In addition to delivery of machinery and equipment, the contract also includes engineering services, delivery of electro installations and a turnkey machine line assembly. So far, this is the largest delivery of the PAPCEL/ABK Group to the Middle East. The customer will be supplied with modern technology machines with hydraulic headbox and "Crescent Former" technology.
At the end of September 2015, PAPCEL exceeded the magical revenues limit of one billion Czech crowns. The company reached the highest revenues level in its history, thus exceeding all previous records. The second half of the year has been the most successful period for the company, not only in terms of newly concluded contracts, but also by opening new production premises in Italy. The company's plan is to reach the total of 1.59 billion CZK in revenues this year.