In the summer, Aalen, Germany-based Palm Group broke ground for the construction of its new plant in Aalen Neukochen.
The centrepiece of the €500m investment in the new mill is a new paper machine, PM 5. The investment encapsulates a modern, innovative new plant construction, environmental, transport, and infrastructure project.
The new paper mill will be built between 2019 and 2022. As part of this project, the existing plant will be completely dismantled. The investment will provide the existing 300 staff directly employed at that mill job prospects for the future.
Dr Wolfgang Palm, Managing Director of the Palm Group, explains, “Our €500m investment is one of the largest ever made in the region. We will employ the latest technologies. All requirements in terms of environmental protection, sustainability, energy efficiency, architecture and transport infrastructure have been exceeded wherever possible. This will enable us to set standards and remain competitive in the long term. Our papers, which have excellent running properties for any corrugated plant, are among the best of their kind in the world. They reduce weight and save packaging. Already today, we are the trendsetter for future developments.”
