Release date: 24 April 2002
Promoter – Financial Intermediary
W. Hamburger AG, a company operating in the paper business since 1853, specialized in the waste paper-based production of corrugated cardboard raw materials, the manufacturing of corrugated cardboards and the conversion of cardboard into various products.Location
Description
The project concerns the construction and operation of a new greenfield test liner paper mill (265,000 t p.a.). The mill will be equipped with a corrugator of 40,000 t p.a.
Objectives
The project actively supports EU policies by encouraging packaging waste recovery as well as the production of packaging materials based on recycled fibre. The project is expected to create more than 500 direct and indirect jobs in an area, which is characterized by significant unemployment.
Sector(s)
Proposed EIB finance (Approximate amount)
up to EUR 80m.
Total cost (Approximate amount)
up to EUR 169m.
Environmental aspects
An EIA has been presented to competent authorities. The utilization of recycled paper as raw material sources for the plant is expected to have a positive impact on the environment.
Procurement
The promoter is expected to use international negotiations amongst the few specialized engineering companies for the supply of the main equipment of the project.
Status
Signed - 1/03/2004
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).