Mitsubishi HiTec Paper to Spend EUR 5 Million on Equipment Upgrades

Mitsubishi will invest EUR 3.2 million on the optimization of coating machines at its Bielefeld paper mill.

Oct. 15, 2013 (Press Release) - Mitsubishi HiTec Paper is investing almost EUR 5 million in technical production equipment and the optimization of energy processes. At the same time personnel has been increased both in Sales and in Research & Development.

The investment of EUR 3.2 million in technical production equipment refers to the optimization of the coating machines in Bielefeld. The objectives of this investment are both improvements in quality and productivity as well as a more flexible use of the highly advanced coating systems with different parts of the product range.

The optimization of energy processes is being achieved by investing a total of EUR 1.6 million in new cooling systems. Investments in both locations in Bielefeld and Flensburg allow more energy efficient use of process cooling, thus supporting the company's goal of protecting the environment.

Both Sales and Research & Development have already had increases in personnel.

Mitsubishi HiTec Paper hereby remains faithful to its principles of closeness to both market and customer as well as regular optimization of existing products and introduction of innovative new products.

Mitsubishi HiTec Paper Europe is a German subsidiary of Mitsubishi Paper Mills Ltd., Japan. The roughly 700 employees at Mitsubishi HiTec Paper Europe produce high-quality thermal papers, digital imaging papers, carbonless papers, and label papers at locations in Bielefeld and Flensburg, Germany. For more information visit: www.mitsubishi-paper.com

SOURCE: Mitsubishi HiTec Paper Europe