The AustrianPrinzhorn group www.prinzhorn-holding.com, which was founded and is managed by the namesake family, has disclosed its business objectives for the next 13 years. In a press release published last January, the company CEO Cord Prinzhornstated that the Prinzhorn group expects to doubleits size by 2030. The group, which is active in the fields of the collection and trade of secondary raw materials, the production of della cardboard boards and corrugated products, employs 6,600 people in 15 countries and has an annual turnover of 1.4 billion Euros.
The installation of a paper machine of 480 thousand tons, to be used mainly for the production of testliner and fluting paper, at the new Kütahya site of Hamburger Turkey Ltd., a company owned by Hamburger Containerboard, by 2020 is considered to be a major step forward towards the achievement of the 2030 objective of the group. The company announced the order of the new 7.8 m long containerboard machine from Valmet, but it did not disclose the value of the order.