M-real Corporation Stock Exchange Bulletin 2.3.2005 at 10 a.m.
M-real will invest EUR 60 million at the Simpele mill's board production. The
investment will include improvements of the board machine, new reeler,
rewinder, reel packaging as well as capacity increase of sheeting and related
infrastucture. Availability of the products and service of sheeted products
will also be improved.
The capacity of the board machine will increase by 45 000 t/a up to 215 000 t/a.
The investement is conducted stepwise and will be ready by spring 2006.
For additional information contact Hannu Kottonen, Executive Vice President,
Consumer Packaging tel. + 358 (0)10 469 4900, Mobile +358 (0)500 532 235 or
Jukka Kettunen, Senior Vice President, Production and Technology tel. 010 463
3725, Mobile +358 (0)50 598 8506
M-real Corporation, headquartered in Finland and employing some 16,000 people,
is a European paper and paperboard company, providing premium solutions for
consumer packaging, communications and advertising end-uses. Through its
worldwide sales network, M-real serves its customers who mostly comprise
publishers, printers, paper merchants, offices and well-known consumer product
companies and carton printers. M-real is listed on the Helsinki Stock Exchange.
Its turnover in 2004 was EUR 5.5 billion.
Metsä Group is a forerunner in sustainable bioeconomy utilising renewable wood from sustainably managed northern forests. Metsä Group focuses on wood supply and forest services, wood products, pulp, fresh fibre paperboards and tissue and greaseproof papers.
In 2019, Metsä Group’s sales totalled EUR 5.5 billion, and it employs approximately 9,300 people. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 103,000 Finnish forest owners.