Progroup and Sappi have signed a deal for the Stockstadt pulp and paper mill in Germany. Progroup will acquire the site of the Stockstadt mill from Sappi and redevelop it for corrugated case material production.
According to Progroup, the Stockstadt paper mill site offers the opportunity to develop a new corrugated case material production facility. The takeover of the Stockstadt pulp and paper mill site is scheduled for April 2024.
Following the acquisition, the dismantling of the old facilities would be planned and carried out, Progroup announced. This step was necessary to make room for the implementation of the future site concept and would be completed in the course of 2025, the company added.
Sappi can produce up to 145,000 tpy of pulp and 230,000 tpy of woodfree coated and uncoated paper at the Stockstadt mill. In 2022, the mil had an oputput of 126,000 t of pulp and 213.000 t of paper, of which 180,000 t woodfree uncoated paper.
In early October, Sappi had announced that the consultations with authorities and employee representatives on the closure of the Stockstadt mill had been completed and that the mill would be definitey closed in the first quarter 2024. At that occasion, the company had already explained that the mill's site would be sold and that a corresponding agreement had been signed.