# Smurfit Kappa invests EUR 35 million to upgrade PM2 paper machine at Hoya mill, Germany

Smurfit Kappa is investing EUR 35 million to refurbish the PM2 paper machine at its Hoya mill in northwest Germany, raising output by 70 kt to 450 kt per year. The project is expected to be operational in Q1 2023.

- Type: Expansion
- Announced: 2021-05-28
- Where: Hoya, Lower Saxony, Germany
- Value: $42.0M (35.0M EUR)
- Status: announced
- Capacity: 450 kt per year (up 70 kt)
- Products: testliner paper, fluting paper, paperboard
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Smurfit Kappa](https://endata.com/companies/261.md)

## Sources

- [freshplaza.com](https://www.freshplaza.com/europe/article/9324912/smurfit-kappa-makes-a-new-35-million-euro-investment-in-its-german-factory-in-hoya/), 2021-05-28: "This investment is part of the important final phase of an ongoing investment program at our Hoya mill."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.