Sappi Fine Paper Europe has confirmed investment plans over the next three years amounting to approximately €120 million for its two leading coated graphic paper mills which will significantly reduce the cost base and improve the profitability of these two worldclass mills.
New Power Plant in Kirkniemi Mill announced as part of Sappi Fine Europe’s strategic cost reduction plan. Sappi has announced that it will make a significant investment over the next three years in order to build a new power plant at the Kirkniemi Mill in Lohja, Finland. The move supports Sappi Fine Paper Europe’s strategic drive for cost leadership and improved profitability throughout the company.
2013 was an important transitional year for Sappi with the commissioning of major capital projects and further repositioning of the business. Our strategy to reposition Sappi for growth, higher margins and improved profitability is on track.
Gratkorn to benefit from significant upgrade as part of Sappi Fine Paper Europe’s strategic cost reduction plan. The investment at Sappi’s Gratkorn Mill will focus on upgrading pulp production facilities as well as improving papermaking capabilities to secure a significantly lower cost base for the mill. The announcement supports Sappi Fine Paper Europe’s continued drive for cost leadership and improved profitability.
It's official. After $170 million in expenditures and a sparse one-year construction period, Sappi Fine Paper's capital conversion project -- dubbed "Project Athena" after the patroness of weaving -- was officially declared fully functioning and on budget this week
Project Athena: Sappi celebrates completion of capital conversion project