In March 2018, Hamburger Rieger GmbH will start the scheduled construction of its second paper machine at its Spremberg location.
The new plant’s commissioning is scheduled for summer 2020.
The planned product range includes white and brown corrugated base papers (testliner) based on 100% recycled paper. With a width of 7.80 metres, the machine will produce 500,000 tonnes of paper per year. For the preparation of white base materials an environmentally friendly deinking section will be installed. It combines innovative resource-conserving raw material processing and the paper machine’s patented mode of operation.
https://technology.risiinfo.com/mills/europe/prinzhorns-hamburger-rieger-start-construction-500000-tonneyr-containerboard-machine?mkt_tok=eyJpIjoiTnpZNE1ETmtNbVl6T1dNeCIsInQiOiJSTDBrblFCYnVPYWc0Tkhra3Z0STIydnVOK0VZcURJWmFOclpoVUhXQmxcL2RDUk1nZlQzdndaY3pXOUFVXC9TS2JlTUkydTl5eGx6YnMwdXlkSHBhM1phUmNJWkxmdkVwb0xSc0dkdE5CZEdxQUZ4cjFidFVzajlSckw2R0NDOUs0In0%3D
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Third Quarter Financial Highlights include (all results compared to the third quarter of 2020 unless otherwise noted)(1): *Record net sales of $1,490.8 million, an increase of $407.8 million compared to net sales of $1,083.0 million. *Net income of $113.0 million or $1.89 per diluted Class A share increased compared to net income of $20.7 million or $0.35 per diluted Class A share. Net income, excluding the impact of adjustments(2), of $115.9 million or $1.93 per diluted Class A share increased compared to net income, excluding the impact of adjustments, of $50.1 million or $0.85 per diluted Class A share. *Net cash provided by operating activities decreased by $40.1 million to a source of $94.9 million. Adjusted free cash flow(4) decreased by $42.5 million to a source of $64.1 million. *Total debt decreased by $370.0 million to $2,267.6 million.