Estonia’s only packaging paper producer Horizon Pulp & Paper (Horizon) has obtained a lucrative order from Indonesia’s PT Semen Padang, signaling a business boost for Easterm Europe’s pulp & paper industry.
PT Semen Padang is a major state-owned Indonesian cement producer and the deal, worth around €1.9m, will see Horizon ship packaging paper to Indonesia in 2010.
It also highlights the increasing confidence in the East Europe pulp & paper industry, with orders emerging from various corners of the world. Gasworld had previously reported how Horizon was seeing increasing demand from Asia, Africa and North America.
Eastern European countries currently enjoy cost advantages for energy, fibre and labour and their local markets are growing, with Russia and the Commonwealth Independent States (CIS) seeing continued, but slower, growth in 2008. It’s an industrial gas growth driver that is also likely to witness growth in the coming years.
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