The new paper mill, which will be built on the Saddlebow Industrial Estate in King’s Lynn, represents an investment of £400 million by the German family-owned company.
It is the first time our family business has made a major investment outside our home country.
Dr Wolfgang Palm
Chief Executive
Palm Paper
The new plant will house one of the largest and most advanced paper machines in the world – with an annual output of 400,000 tonnes.
It will create 150 new jobs directly, with a further 150 indirectly with suppliers and local businesses.
The involvement of East of England International (EEI) was praised by the company’s Chief Executive Dr Wolfgang Palm: “I would like to thank East of England International, […] for identifying King’s Lynn as a possible location,” he said.
The East of England
He continued: “We have been shipping newsprint into the UK from our German mills for 13 years and our customers have increasingly asked us to introduce production in this country.It is the first time our family business has made a major investment outside our home country. We really do appreciate this fantastic support and I would like to express my very warm thanks to all our UK customers.”
Palm Paper Ltd is the largest family-owned paper company in Germany, employing 2,800 staff.
The mill is scheduled to start up in late 2009.
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