Tue, May 22 2012

New Kostenets 60M leva paper mill opens for production

Mon, May 25 2009 14:26 CET

byNick Iliev

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New Kostenets 60M leva paper mill opens for production

Kostenets Paper Production officially inaugurated its new technological production line for tissue paper production – installations which have absorbed 60 million leva in investment – on May 25, Investor.bg reported.

The new technology allows the firm to manufacture 90 tons in 24 hours when operating under maximum capacity or 26 000 tons annually, which is estimated to generate over three times the current sales revenue.

The Kostenets plant, at the foot of the Rhodope mountain, until now has exported mainly to Slovenia and Slovakia. It has three production units, producing mainly cardboard and hygienic paper products.

The improved sanitation and hygienic papers will help facilitate the firm's expansion on the market with new products and "increase its exports to the Balkans and the Middle East, as well as satisfy the Bulgarian customer at home", the report maintains.

The new installation incorporates industrial gasification mechanisms, which will operate on two parallel modules with a total capacity of 34.6MW. The new process about to be launched is otherwise referred to as "combined production of thermal and electric energy".

The new system is meant to facilitate the firm's complete electric and energy needs and offer, for the first time, the possibility for the realisation of the surplus energy output produced.

Furthermore, Kostenets Paper Production has constructed and installed its own industrial gas pipeline spanning 11.8km, supplying a minimum of 52 million cu m of natural gas annually, of which the firm consumes 29 million cu m.

With its new modern plant operational the company envisages substantial increase of output, 25 per cent reduction in energy cost per ton of paper produced, and expansion of the firm's assortment and brands for sale.

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Kostenets Paper invests 60 million leva in new production line

Company is banking on tripling annual production. It also plans to increase its market in the Balkans, the Middle East and Bulgaria.

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GFF contemplate four million euro initial investment in the factory which will double within 12 months, creating 200 permanent jobs, with estimated output capacity of 150 tons of paper daily, 25 per cent for domestic market, the rest for European exports.

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Hewlett-Packard

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