M-real invests six million Euros in Äänekoski mill

The investment will increase the sheeting capacity as well as modernize the conversion process and improve package quality. The investment project will be completed during the first half of 2011.M-real sold Graphic Papers business area to Sappi at the end of 2008. As part of the transaction the Äänekoski paper mill remained in M-real's ownership and continued production for Sappi under a long-term contract."This investment decision is a confirmation on both parties' belief in long term cooperation between M-real and Sappi. The investment improves the Äänekoski paper mill's competitiveness as a high quality coated fine paper production unit," says Mikko Helander, CEO of M-real.