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Pin to quick picksSmurfit Kappa Regulatory News (SKG)

Share Price Information for Smurfit Kappa (SKG)

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Share Price: 3,740.00
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Change: 66.00 (1.80%)
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Statement re UK Paper Mill Technology

27 Sep 2018 07:00

Smurfit Kappa reinforces its sustainability credentials with state-of-the-art technology in UK paper mill

Smurfit Kappa has begun operating a sophisticated Combined Heat and Power Plant (CHP) to reduce emissions and increase the profitability of its Townsend Hook Paper Mill in Kent.

The new CHP, which provides steam and electricity for the paper machine, will slash the mill’s carbon footprint by at least 15%. Earlier this year, Smurfit Kappa reported reaching its fossil CO2 emission reduction target three years ahead of schedule.

The multi-million pound investment in the mill has also increased the capabilities of the Townsend Hook paper machine to meet the growing demand in the UK and Ireland for lightweight containerboard. This is used to make corrugated packaging which is sought after in a growing number of applications due to its renewable, recyclable and sustainable nature.

Speaking about the enhancements to the mill, Jelte Bouma, CEO of Smurfit Kappa Recycled Paper West, said: “We are delighted to have started operating the new CHP in Townsend Hook a month ahead of schedule.

“The increased capability and efficiencies will help us to deliver an even better service to customers. The environmental benefits associated with the new project are also in line with the wider strategic sustainability priorities of Smurfit Kappa.”

The Townsend Hook Paper Mill is one of a European network of Smurfit Kappa paper mills which are all connected by a single, optimised supply chain system.

ENDS

Contact for media: Sinead GillSmurfit KappaT: +353 1 2027157E: sinead.gill@smurfitkappa.com

About Smurfit Kappa

Smurfit Kappa, a FTSE 100 company, is one of the leading providers of paper-based packaging solutions in the world, with around 46,000 employees in approximately 370 production sites across 35 countries and with revenue of €8.6 billion in 2017. We are located in 22 countries in Europe, and 13 in the Americas. We are the only large-scale pan-regional player in Latin America.

With our proactive team we relentlessly use our extensive experience and expertise, supported by our scale, to open up opportunities for our customers. We collaborate with forward-thinking customers by sharing superior product knowledge, market understanding and insights in packaging trends to ensure business success in their markets. We have an unrivalled portfolio of paper-packaging solutions, which is constantly updated with our market-leading innovations. This is enhanced through the benefits of our integration, with optimal paper design, logistics, timeliness of service, and our packaging plants sourcing most of their raw materials from our own paper mills.

Our products, which are 100% renewable and produced sustainably, improve the environmental footprint of our customers.

Follow us on Twitter at @smurfitkappa and on LinkedIn at ‘Smurfit Kappa’.

www.smurfitkappa.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20180926005850/en/

Copyright Business Wire 2018

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