Eren Paper, owned by Turkey’s Eren Holding, is investing GBP 500m to buy a mill in Shotton to produce cardboard from paper waste.
Eren Holdings agreed to acquire the paper mill from Finnish firm UPM who said in September it would permanently close paper production at its Shotton newsprint site.
The site was founded in 1983 and at its height employed around 530 people, but the decline in newspaper circulation pushed the Finnish firm to sell the site.
Eren Paper will now begin work pivoting the site from newsprint to tissue and cardboard. The mill will be powered by biomass fuel and the investment is expected to create around 300 new jobs.
