Mitsubishi HiTec Paper, a German subsidiary of Mitsubishi Paper Mills, has announced an investment of about €5m in technical production equipment and the optimization of energy processes.
The company has increased the number of employees in its sales and research & development departments.
Mitsubishi HiTec is focusing on development of new products as well as optimization of existing product lines.
The company is investing €3.2m in Bielefeld site in an effort to improve the quality and productivity, and optimization of coating machines with different parts of the product range.
For optimum utilization of energy processes, Mitsubishi HiTec is investing a total of €1.6m in new cooling systems located at Flensburg.
The company is engaged in producing specialty papers including thermal papers, digital imaging papers, carbonless papers and label papers.