ICT is to invest in new tissue and converting capacity in Spain in order to meet the growing demand for tissue products.
The company said it is considering a new investment in Spain to be made by its ICT Iberica, Burgo de Ebro site.
The investment would eventually comprise of a new tissue machine, additional converting equipment, logistic and civil infrastructure.
Currently the 180-staffed site sells 70,000 tonnes of high quality tissue reels, finished products for private label retail customers and for its own brand, FOXY.
The new machine would be an addition to the company’s existing machine.
The start-up date for the new tissue machine and relative converting is schedule to follow the completion of ICT’s ongoing “K3 Project” in ICT Poland Kostrzyn mill, scheduled for late 2015.
ICT Group is headquartered in Lucca, Italy, and has production companies in Italy, Spain, Poland and France.
The projects will continue to boost the company’s total output growth of high quality consumer and B2B tissue.