Papierfabrik Palm to Invest EUR 500 Million in New Paper Machine Project at Aalen-Neukochen Mill
Papierfabrik Palm's paper machine project at its paper mill in Aalen, Germany will replace the mill's three existing machines with a new paper machine with a capacity of 750,000 tons per year.
Sept. 27, 2018 - Papierfabrik Palm announced that it will invest EUR 500 million at its Aalen-Neukochen paper mill in Aalen, southwest Germany. Also located at the site are the head offices of the Palm Group and Papierfabrik Palm, along with a distribution center.
Papierfabrik Palm's paper mill currently operates three paper machines: PM2 produces newsprint with a capacity of 90,000 tonnes per year; PM4 produces corrugated board and has a production capacity of 110,000 tonnes per year; and PM5, which also produces corrugated board, has a capacity of 150,000 tonnes per year.
The paper machine project will replace the mill's three existing machines with a new paper machine with a capacity of 750,000 tons per year. The investment also will provide for a new raw material and finished goods warehouse, a combined heat and power (CHP) plant and an effluent treatment facility.
Papierfabrik Palm did not provide specific information as to the grade of paper the new machine would produce.
The project will begin in 2019 with completion expected during 2022.
Palm Group is comprised of three business areas: Paper, Packaging, and Recycling. The Group primarily produces newsprint and corrugated board. To learn more, please visit: www.palm.de.