«Europack becomes involved in the corrugated cardboard production in Voronezh»

Europack Ltd has reported the launch of a corrugated cardboard plant in the Voronezh region. The plant with a capacity of 80 million square meters per year will start operating on the territory of former facilities of the Energiya corporate group — at the gateway of the regional centre towards Novovoronezh. The project implementation began in 2003. Construction of the main building of the total area of 7,5 ths. sq. m was completed last year. The total cost of the project amounts to 330,6 mln rubles. As the company informed, the expected payback period is three years. Europack Ltd was founded in 2003. It deals in corrugated cardboard, paper and paperboard package production. Currently the company releases 1,2 mln sq. m of corrugated cardboard per month. According to SPARK-Interfax, the annual income of Europack LLC is $1-5 mln, and 100% ownership interest is under control of an individual. However, the company flatly refused to name the owner. Vrnnews, Yevgeny Timoshinov

Source: Kommersant(Voronezh) № 27 (3844)