The boards of Rottneros AB (publ) and Arctic Paper have decided to invest EUR 15 million in a moulded fiber tray factory at Arctic Papers premises in Kostrzyn, Poland. The factory will be operated in a separate legal entity and as a 50/50 joint venture, in line with the LOI that was signed by the parties on October 22, 2021. The production of moulded fiber trays will be suitable for high barrier packaging, modified atmosphere packaging with extended shelf life as well as for packaging with lesser functional demands, all based on Rottneros primary fiber.

The products can withstand heat and are excellent for ready-made food - both frozen and chilled dishes - which constitutes a rapidly growing market. The start-up of the new factory is planned for the end of 2023. The joint venture will be a Polish registered company and financed through a combination of bank loans and equity contribution from the shareholders.