Klaipedos kartonas AB, a subsidiary of Grigiskes AB, has started an essential project for the modernisation of their paper production machine. The aim of the project is to double the company's production capacity within 3-5 years.

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Klaipedos kartonas AB invests in capacity expansion

Jul 31, 2015. /Lesprom Network/. Klaipedos kartonas AB, a subsidiary of Grigiskes AB, has started an essential project for the modernisation of their paper production machine. The aim of the project is to double the company's production capacity within 3-5 years.

Klaipedos kartonas AB and Voith Paper S.A. have signed a supply agreement for new equipment amounting to Euro 9.3 million and have started the first stage of the modernisation project for the paper production machine.

"We are going to invest Euro 13.6 million in the project during this stage. The working speed and volume of paper production are going to increase by 30% by the end of the 3Q 2016, after the new equipment is manufactured and mounted. At the same time, the manufacturing production qualitative parameters are going to be improved and the range is going to be expanded. Taking into account the increasing demand for production, we hope that these investments help the company strengthen its position within the international markets", stated Gintautas Pangonis, the President of Grigiskes AB and the Chairman of the Board of Klaipedos kartonas AB.

This year, Klaipedos kartonas AB will also invest into increasing the production volume of paper honeycomb and, in October, plans to start a second paper honeycomb production line. Investments planned: more than Euro 1.4 million.

It is expected that when the new line is started, the paper honeycomb production capacity will increase by almost three times.

Klaipedos kartonas AB is one of the oldest companies in Lithuania. The company produces raw materials for the production of corrugated cardboard - testliner (cardboard of equal layers) and fluting (paper to corrugate). Beside this main activity, Klaipedos kartonas AB also produces paper honeycomb that is used in the furniture industry, door production and so on.