EANS-News: Mayr-Melnhof Karton to invest over EUR 100 million in Frohnleiten board mill CNE

12/4/2020, 10:31 AM (Source: euro adhoc)
  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is responsible for the content of this announcement.

- Focus on sustainability, digitization and growth
- A milestone for Europe's largest recycled cartonboard mill

No Keyword

Vienna - "This is the largest investment that the MM Group has ever made in
Austria", describes MM CEO Peter Oswald the comprehensive renewal and expansion
program for the Austrian MM Karton Frohnleiten board mill in the years 2021-
2022. The focus of the more than EUR 100 million investment is on
sustainability, digitalization and capacity expansion for securing the future
with the use of state-of-the-art technologies.

Innovative fully digitalized processes will significantly increase the
efficiency of the stock preparation while reducing specific energy and water
consumption. The latest production technologies in cartonboard manufacturing
will increase product quality and capacities as a prerequisite for further
applications of recycled cartonboard, e.g. also as a substitute for plastic.
Highly automated logistics will significantly accelerate the movement of goods.

"Circular Economy is an integral part of the MM Group's business activities;
technological leadership and sustainability are an essential part of our long-
term concept for success. The historic investment in the Frohnleiten mill is a
"triple win". It not only creates new sales opportunities and an improvement in
the ecological footprint in terms of water, energy and emissions, but also makes
a significant contribution to safeguarding jobs and training positions at the
site. Environmentally friendly packaging solutions are trendy - with its
extensive technological innovations, MM Karton Frohnleiten ensures sustainable
coverage of the growing demand with attractive added value for the site and the
region", says CEO Peter Oswald, summarizing the extensive significance of the

The MM Group is Europe's largest producer of board and folding cartons. More
than 1.7 million tonnes of cartonboard are produced annually, a third of which
is manufactured by around 570 employees at the Austrian Frohnleiten board mill.
The MM Group employs approximately 10,000 people worldwide, of which about 1,800
work in Austria

Further inquiry note:
For further information, please contact:
Stephan Sweerts-Sporck, Investor Relations, Mayr-Melnhof Karton AG
Brahmsplatz 6, A-1040 Vienna, Austria
Tel.: (+43/1) 50136 - 91180, Fax: (+43/1) 50136 - 91195
e-mail: investor.relations@mm-karton.com
Website: http://www.mayr-melnhof.com

end of announcement                         euro adhoc

issuer:       Mayr-Melnhof Karton AG
              Brahmsplatz 6
              A-1040 Wien
phone:        +43 1 50 136
mail:         investor.relations@mm-karton.at
WWW:          www.mayr-melnhof.com
ISIN:         AT0000938204
indexes:      ATX, ATX PRIME
stockmarkets: Wien
language:     English

EAX0005    2020-12-04/10:31

Ad-hoc-Mitteilung übermittelt durch euro adhoc.
Für den Inhalt ist der Emittent verantwortlich.