Papierfabrik Palm, Germany’s largest family owned business in the paper industry, invests Euro 500 million at its head office in Aalen-Neukochen to secure the long term future of this site, as the company says in the press release received by Lesprom Network.
A new paper machine with a capacity of 750,000 tons per year will replace three existing smaller machines. The investment will provide for a new raw material and finished goods warehouse, a CHP power plant and an effluent treatment plant. The investment will compliment the environmental, logistics and infrastructure projects of the whole region.
The implementation period will be between 2019 and 2022.
