The Mayr-Melnhof Group is strengthening the Neupack folding box production at the Hirschwang site in Austria with an extensive future-oriented program. An investment plan of EUR 18 million in buildings and machines is intended to significantly increase the international competitiveness of the location in the growth markets of e-commerce packaging and high-quality printed consumer goods packaging in ultra-fine wave (microwave) for products such as food, pet food and electrical household appliances. In addition to the construction of an enlarged production and warehouse hall, investments are made in new printing technology, punching capacities as well as state-of-the-art automation and infrastructure. The aim is to lead Neupack Hirschwang into the future with bundled forces and an attractive range of products with good earnings. This makes the folding box factory a sustainable employer in the region with currently 215 employees.
Total packaging papers & specialty packaging shipments in April increased four percent compared to April 2020. They were up one percent when compared to the same four months of 2020.
The operating rate was 95.1 percent, up 9.6 points from April 2020 and up 5.2 points year-to-date.
Mill inventories at the end of April increased 9,000 short tons from the previous month and were up 20,000 short tons compared to April 2020.