The company says it aims to become carbon neutral by 2035.
Arctic Paper plans to invest more in packaging, packaging papers and energy over the next eight years, increase its turnover by 25 per cent and achieve significantly better margins by 2030. The company said in a press release that it plans to invest about PLN1.5bn (about €315m) by then, increase the company's EBITDA by 70 per cent and bring the company's EBITDA margin to 15 per cent.
Around 40 per cent of this sum is planned to be invested in new plants. The group is also striving to become carbon neutral by 2035; for the paper and packaging sectors, this is to be achieved as early as 2030.
Premium paper should remain one of Arctic Paper's core businesses, explained CEO Michał Jarczyński, but the two pillars of packaging and energy are to account for around 25 per cent of sales in 2030, with pulp accounting for 29 per cent and graphic papers for 46 per cent.
The 51 per cent stake in pulp producer Rottneros has proven to be a good hedge against volatile markets, he continues, but the company has to grow.
Therefore, Arctic paper will expand in the field of renewable energies and offer products made of renewable materials. Arctic Paper is also focusing on the ongoing trend to replace plastic with cellulose-based products.
This article is an excerpt from EUWID's report on the latest plans of Arctic Paper. Our online and print subscribers can read the full report in this week's issue of EUWID Pulp and Paper.
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