Heinzel Group remains on course for growth
drupa/Düsseldorf, May 2012 – As a result of the purchase of Europapier AG and the complete takeover of AS Estonian Cell, in 2011 the total volume of Heinzel Group sales rose to 2,250,000 tonnes, which represented an increase of 400,000 tonnes/year. On this basis, the Heinzel Group’s consolidated sales revenues climbed to more than EUR 1 billion. Detailed results and the current annual report are available for downloading under www.heinzel.com
After a very good year in 2010, we are satisfied with the results for 2011, as in spite of more difficult conditions, we were able to achieve a respectable profit. Moreover, further growth is planned for the coming years.”
Alfred Hannes Heinzel, CEO, Heinzel Holding GmbH
ZELLSTOFF PÖLS AG: The “Pöls 500” investment project continues to progress
At the Zellstoff Pöls AG mill in Austria, both market pulp and paper production capacity were expanded further. The “Pöls 500” project progressed as scheduled with the release of the investment costs for the construction of the new Paper Machine II, which will replace Paper Machine I. A further EUR 125 million is to be spent in addition to the EUR 200 million already invested. The new system for high-bleached MG and MF kraft paper will have the very latest machine configurations for printability, lamination and further processing, and at the same time will operate with maximum resource conservation. Start-up is planned for the fourth quarter of 2013.
AS ESTONIAN CELL: Enlarged capacity, switch to renewable energy
Following the granting of water rights, the planned increase in capacity at the AS Estonian Cell pulp mill to 180,000 tonnes has now been given the green light. In addition, the production of heat and electricity is to be gradually switched to renewable energy sources. The initial phase of this transition will involve costs of EUR 25 million.
HEINZELSALES, EUROPAPIER: Expansion of the trading networks, stepping up of acquisitions
The global trading networks of heinzelsales and Europapier are the focus of ongoing expansion and in addition, acquisitions in Eastern Europe, North and South America are being stepped up.
PERSONNEL: Heinrich Georg Stahl is moving to EMACS, Riia Sillave will be the new CFO
The long-serving Heinzel Holding GmbH CFO, Heinrich Georg Stahl, is transferring to the EMACS Privatstiftung, where he will assist investment activities in the areas of agriculture, energy generation and leasing. As from August 1, 2012, Mr. Stahl’s successor as the Heinzel Holding GmbH CFO will be the Estonian-born Riia Sillave. Both during and after her business administration studies in Munich, Ms Sillave worked as a controller at Webasto Thermosysteme Int. GmbH. In 2004, she then joined the Heinzel Group, where she has participated in the build-up of the AS Estonian Cell pulp mill in Kunda, which has been operating successfully for the past five years.
ABOUT HEINZEL GROUP
The Heinzel Group, which is united under the Heinzel Holding umbrella, ranks with its subsidiaries Zellstoff Pöls AG (Austria) and AS Estonian Cell (Estonia) and its participation in Biocel Paskov a.s. (Czech Republic), among the largest producers of market pulp in Central and Eastern Europe. The Group’s trading division includes Wilfried Heinzel AG, a globally active pulp and paper trading company, and Europapier AG, the leading paper merchant in the CEE region. The Group’s successful growth is based on the fulfilment of the highest customer demands with regard to quality and efficiency.
For additional information or inquiries, please contact:
Heinzel Holding GmbH
Wagramer Strasse 28–30
Phone +43-1-260 11-401
Fax +43-1-260 11-402