BY BESTENIGAR KARA
Operating in the packaging, paper, and recycling industry with three subsidiaries for 170 years, the Austria-based Prinzhorn Group plans to set up a EUR 400m manufacturing plant in Kutahya in the upcoming period.
“We bought the land for the facility, and our work continues for the project,” said Harald Ganster, Chairman of Prinzhorn Group.
The facility, which will be a greenfield investment, will have an annual paper production capacity of 500,000 tons, record a turnover of EUR 250m, and create 500 direct and 1,000 indirect jobs.
“We have invested EUR 170m in Turkey and raised our employment from 800 people to 1,500 people since 2013, when we entered the country,” Ganster noted.
The group operates four corrugated cardboard packaging factories, two paper manufacturing plants, and four waste management facilities in Turkey.
“We operate in 16 countries. Turkey is a very strategic country which accounts for 15% of our global labor force and turnover,” Ganster added.