EANS-News: Mayr- Melnhof Karton AG / Acquisition of Kwidzyn mill successfully finalized CNE

8/6, 1:33 PM (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.

• MM strengthens activities in virgin fiber-based cartonboard and creates 
  attractive development potential with enlarged product portfolio

• Division MM Karton will be renamed MM Board & Paper

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Vienna - The Mayr-Melnhof Group (MM) has completed the acquisition of the
Kwidzyn mill, Poland, which was agreed in mid-February 2021, after receiving
approval from all relevant competition authorities. The acquisition of the
Kwidzyn mill forms part of MM's strategy to grow in high quality virgin fiber-
based cartonboard (FBB) with innovative, sustainable and cost efficient grades.
Furthermore, MM is diversifying its product portfolio through the integration of
an attractive pulp and paper production focusing on Uncoated Fine Paper (UWF)
and Packaging Kraft Papers.

In line with the enlarged product spectrum the division MM Karton changes its
name to MM Board & Paper.

"I am pleased that we enter two new core businesses, Uncoated Fine Paper and
Packaging Kraft Paper. MM Kwidzyn will drive innovation for more sustainable
packaging solutions in the growing virgin fiber-based cartonboard market and
creates attractive new perspectives from the integration of pulp and paper at a
site in Europe with cost advantages. We are looking forward to a successful
cooperation with our new colleagues," comments Peter Oswald CEO of MM.

MM Kwidzyn operates at its integrated pulp and paper site in Kwidzyn a pulp mill
with an annual capacity of around 400,000 t and four integrated cartonboard /
paper machines. The flagship is an FBB machine with 260,000 t annual capacity.
Moreover, MM Kwidzyn has recently entered the MF kraft paper segment via one of
its paper machines to serve the growing demand for flexible fiber-based
packaging products with an annual capacity of 75,000 t. In addition, MM Kwidzyn
operates two of the most attractive copy paper machines (UWF) in Europe with an
annual total capacity of 410,000 t. The mill employs approximately 2,300 people.

MM is Europe's leading producer of cartonboard and folding cartons focusing on
sustainable and innovative fiber-based packaging solutions. In 2020 the group
generated sales of around EUR 2.5 billion and employed approx. 10,000 people.

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
e-mail: investor.relations@mm-karton.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 PRIME, ATX
stockmarkets: Wien
language:     English

EAX0003    2021-08-06/13:33

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