FINLAND (News release) -- MM Kotkamills is investing about Euro 30 million in two state-of-the-art cross cutters with automated core and waste handling. The investment is aimed at strengthening MM Kotkamills' position as a supplier of cartonboard sheets in the European cartonboard market.

The investment project is expected to increase the competitiveness of board production boosting flexibility while reducing transport costs.

"The core mission of our mill is to promote the circular economy by using production side streams and making the efficient use of fibres as our raw material. With the investment, we will also be able to easily recycle the cartonboard broke from cutting back into the manufacturing process," says Päivi Suutari, Managing Director of MM Kotkamills..

The project will start immediately in terms of engineering and procurement. The first cutter is scheduled to be operational late in 2023 and the second about six months afterwards. The investment will create employment in several areas during construction and, once completed, MM Kotkamills will create several new jobs in production.

MM is Europe's leading producer of cartonboard and folding cartons with an attractive offer in kraft papers and uncoated fine papers. MM generates sales of approximately Euro 3.5 billion and employs around 12,800 people.

MM Kotkamills in Finland manufactures innovative products created from wood, a renewable natural resource.

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