Iberpapel to invest €180 million in the manufacture of flexible packaging paper
The Board of Directors of Iberpapel has agreed to move ahead with the initiative dubbed Project Hernani under which its subsidiary, Papelera Guipuzcoana de Zicuñaga, S.A.U., will invest around Euro 180 million.
The so-called Project Hernani essentially consists of the installation of a new machine with a Yankee drying cylinder for the manufacture of MG paper for several kinds of flexible packaging. The machine will add an estimated 85,000 tonnes to the Group’s annual production capacity.
In parallel, the existing pulp plant will be refurbished and updated, incorporating the latest technology and environmental standards – the sector’s best available techniques (BATs) – which will increase the facility’s nominal production capacity by between 15% and 20%.
The project is expected to take between 24 and 30 months to fully execute.
About Iberpapel
Iberpapel is a vertically-integrated paper group. It is one of the leading players in the printing and writing paper segment in Spain, having invested over Euro 200 million in modernising and enhancing its facilities in the last 20 years.
