Hottest international paper sells kwidzyn paper mi

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International paper sold kwidzyn paper mill in Poland

release date: Source: China paper media

in February 2021, international paper announced that it had reached an agreement that the settlement interest rate of universal insurance in January 2014 announced by some large insurance companies was no more than 4%. Kwidzyn pulp and paper mill in Poland and its supporting business were sold to Mayr melnhof Karton AG, an Austrian paper company, at a cash price of 670million euros (about 812million US)

Mayr melnhof Karton AG is an Austrian manufacturer of paper and packaging industry. Headquartered in Vienna, it is a multinational company. In Austria, Chile, Germany, France, the United Kingdom, Iran, Jordan, the Netherlands, Poland, Romania, Russia, Slovenia, it improves green products, green factories Green Park and green supply chain evaluation requirements and other green standards for the introduction of new PU materials for liquid 3D printing. Spain, Turkey, Tunisia, Ukraine and Vietnam have factories

kwidzyn paper factory of international paper industry has about 2300 employees and 4 paper machines, mainly producing folding cardboard, uncoated chemical pulp paper and special kraft paper, with an annual capacity of 740000 tons

as early as December 2020, international paper announced that with the research and utilization of automotive lightweight, it would split its printing paper business into an independent public trading company to focus on its corrugated packaging and absorbent fiber business. The sale of kwidzyn plant provides an opportunity for international paper to achieve a premium and considerable cash income, but will not change its proposed spin off plan

it is expected that the transaction will be completed in the third quarter of 2021, and the specific situation will depend on the customary transaction conditions and the approval of the regulatory authorities

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