PAPCEL has completed the acquisition of Pinerolo-based company PMT Italia, helping it expand its presence in the USA and China.
PMT manufactures and supplies technology for the production of graphic papers and packaging paper grades.
By merging with PMT, the number of employees has increased by more than 70 for the whole group.
It is a specialist in the supply of machines with a width of over 5,000mm. Over the last decade, the company has built more than 20 new paper machines and has carried out more than 100 refurbishments.
This year PAPCEL expects to exceed revenues of over two billion CZK for the entire group of companies.