Metsä Tissue Oyj, Finland, part of Metsä Group, a European tissue and cooking paper products supplier, has signed a credit agreement with the European Bank for Reconstruction and Development (EBRD). The EUR 35 million, 8.5-year loan will finance further operational improvements in Poland and Russia.
The ongoing investments at the company's Krapkowice mill in Poland are part of Metsä Tissue's development program aiming to strengthen the company's market position in Continental Europe, improve its production capacity, and enhance its brand and service offering. Productivity will additionally be improved by consolidating Polish tissue base paper production at one mill and by further standardizing technology.
In addition to boosting productivity and energy efficiency, the program will also yield significant environmental benefits such as lower energy consumption and carbon dioxide and sulfur dioxide emissions.
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