Metsä Group’s tissue and cooking paper business signs Euro 35 million credit deal with EBRD

Aug 29, 2012. /Lesprom Network/. Metsä Tissue Oyj, part of Metsä Group and a leading European tissue and cooking paper products supplier, has signed a credit agreement with the European Bank for Reconstruction and Development (EBRD). The Euro 35 million, 8.5-year loan will finance further operational improvements in Poland and Russia, as the company said in the press release received by Lesprom Network. The ongoing investments at the company’s Krapkowice mill in Poland are part of Metsä Tissue’s development programme aiming to strengthen the company’s market position in Continental Europe, improve its production capacity and enhance its brand and service offering. Productivity will additionally be improved by consolidating Polish tissue base paper production at one mill and by further standardising technology. In addition to boosting productivity and energy efficiency, the programme will also yield significant environmental benefits such as lower energy consumption and CO2 and SO2 emissions. Metsä Tissue is one of Europe’s leading suppliers of tissue paper products to households and professional users in Europe.