A Perennial Problem Solved, Paper360º May/June 2018

More than 100 years ago, a sulfite pulp mill was built in Kotka in eastern Finland. Paper machines were added in the 1950s and, over time, produced a variety of papers.

Through the years, the owners continually invested: different papers, different pulps, even different owners. After being part of the Stora Enso family, in 2010 the mill was sold to Open Gate, which established a separate company and christened it Kotkamills.

In 2015, MB Funds (along with four other partners, including some of the mill staff) purchased the company. MB holds 51.9 percent of the shares. Turnover for the company in 2018 is expected to reach EUR 350-400 million (about US$435-500 million). By 2020, CEO Markku Hämäläinen says this should leap to roughly EUR 500 million by 2020. Why? A look at the innovations the mill has implemented will provide the explanation. 

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