PMH to invest 160 billion rubles Russian modernization
Vienna, Austria - Pulp Mill Holding (PMH) plans to invest more than 160 billion rubles (approximately $2.1 billion in U.S. dollars) in the modernization of its Russian production facilities. The priority of the strategic agenda of the holding’s activities will be an investment project for the construction of a new sulfatecardboard plant (stage IV) with a third cardboard machine (KDM-3) that has a capacity of 700,000 tons of products per year at the industrial site of the Arkhangelsk Pulp and Paper Mill.
The existing capacity of the two CDMS is over 600,000 tons per year. The new KDM- 3 will be focused on growing foreign markets: by 2050, there is anticipated to be a doubling of demand for cardboard in the world.
Arkhangelsk Pulp and Paper Mill was founded in 1940. It is one of the leading timber enterprises of the Russian Federation and Europe. It specializes in the production of cardboard and commercial pulp, paper and paper-andwhite products. The sole shareholder of ACBC is the Austrian company Pulp Mill Holding GmbH.