Papyrus announces the plan to invest in a new logistical hub in Cologne, Germany to optimise its logistical infrastructure and improve the service offering of paper specialties to its customers across Europe. The new 22,000 square metre, state-of-the-art warehouse will be accompanied with a paper competence centre for service development, training and customer seminars. The official opening is planned to take place in early 2018.
This further investment in Papyrus is in line with the strategy to build the strongest platform for our Printing & Creative Solutions business segment in Europe. It follows the earlier investment in Switzerland through the acquisition of Inapa Switzerland in December 2016 and the acquisition of the Swedish Viscom company Olsonic.