The Mayr-Melnhof Group has reached an agreement that International Paper Holding sp. zoo ("Kwidzyn") from International Paper for around EUR 670 million and to assume additional liabilities of around EUR 33 million from usufructuary rights and operating leases according to IFRS. The acquisition of Kwidzyn is part of MM's strategy to grow in the high-quality virgin fiber board (FBB) sector with innovative, sustainable and cost-effective qualities. The planned transaction will have an immediate impact on earnings. At the integrated pulp and paper site in Poland, Kwidzyn operates a pulp mill with a capacity of around 400,000 t pa and four connected cardboard/paper machines: the core is an FBB board machine with a capacity of 260,000 t pa.
Total boxboard production decreased 0.8 percent when compared to January 2017 and decreased 1.2 percent from last month. Unbleached Kraft Boxboard production increased over the same month a year ago and was flat compared to last month. Total Solid Bleached Boxboard & Liner production decreased when compared to January 2017 and decreased compared to last month. The production of Recycled Boxboard decreased compared to January 2017, but increased when compared to last month.