EQS-Adhoc: Mayr-Melnhof Karton AG: Strategic investment at MM Kwidzyn, Poland

EQS-Ad-hoc: Mayr-Melnhof Karton AG / Key word(s): Miscellaneous
Mayr-Melnhof Karton AG: Strategic investment at MM Kwidzyn, Poland

26-Apr-2023 / 17:48 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.

══════════════════════════════════════════════════════════════════════════

The MM Group (MM) has approved a comprehensive investment project to
increase the long-term competitiveness of its largest board and paper
mill, MM Kwidzyn in Poland. Energy and CO[2] cost reduction, pulp
integration and entry into the market for sack kraft papers are to set the
mill up for sustainable future success.

The investment project of around EUR 660 million is essentially divided
into three parts:
The investment in a new recovery boiler and a new steam turbine is
expected to contribute to a significant reduction in energy costs and a
reduction in the carbon footprint, to meet future market requirements and
achieve the goal of „Net Zero Carbon Emission“.

At the same time, the share of green energy is to be significantly
increased by investing in a second pulp line and a pulp dryer. This will
improve vertical integration and reduce dependence on market pulp.

In parallel, paper machine 1 (PM1) is to be converted from copy paper to
sack kraft paper. This way we are investing in the growing market of sack
kraft papers and reducing our exposure to the declining copy paper market.

The implementation of the investment project, which is subject to certain
conditions, is planned for the years 2023-2026 with disbursements until
2027. Financing is planned from internally generated resources.

 

End of Inside Information

══════════════════════════════════════════════════════════════════════════

26-Apr-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com

══════════════════════════════════════════════════════════════════════════

Language: English
Company: Mayr-Melnhof Karton AG
Brahmsplatz 6
1040 Wien
Austria
Phone: 0043 1 501 36 91180
Fax: 0043 1 501 36 91391
E-mail: investor.relations@mm.group
Internet: www.mm.group
ISIN: AT0000938204
WKN: 93820
Indices: ATX
Listed: Regulated Unofficial Market in Berlin, Frankfurt (Basic
Board), Munich, Stuttgart, Tradegate Exchange; Vienna Stock
Exchange (Official Market)
EQS News ID: 1616965

 
End of Announcement EQS News Service

1616965  26-Apr-2023 CET/CEST