Arctic Paper and Rottneros have signed a Letter of Intent regarding a 50/50 joint venture in Kostrzyn, Poland with the aim of building a molded fiber tray factory. The start-up of the new factory, which is estimated to generate an annual revenue of 9-11 MEUR, is planned for the end of 2023. The investment is expected to amount to 12-15 MEUR, corresponding to approximately 55-70 MPLN.
Production will be suitable for high barrier packaging, modified atmosphere packaging with extended shelf life as well as for packaging with lesser functional demands, all based on Rottneros primary fiber. The products can withstand heat and are excellent for ready-made food – both frozen and chilled dishes – which constitutes a rapidly growing market. Production capacity is estimated at 60 – 80 million trays.
“The investment will be an important step in our new 4P strategy, to broaden Arctic Paper’s offering from graphic papers to other, fast-growing segments. We have always believed in Rottneros as a strategic investment and look forward to developing a joint business in sustainable fiber trays. Arctic Paper’s factory in Kostrzyn gives us all the prerequisites, both technically and geographically, to get started quickly,” says Michal Jarczyński, CEO of Arctic Paper.