The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17.12 - Manufacture of paper and paperboard
150 jobs Number of planned job creations
Announcement Date
18 May 2007
Employment effect (start)
Foreseen end date
Description
A German firm has announced plans to open a paper mill in a Norfolk town, creating 150 jobs. The Palm Group will build the 330 million GBP factory on a 100-acre site in South Lynn between Lynn Power Station and the Norfolk Arena, King's Lynn. It will house one of the most advanced paper machines in the world making newsprint from recycled material. The initiative has been hailed as one of the biggest private investments in the town in recent years. In 1984, Palm became the first German paper mill to produce high quality newsprint made from 100% waste paper. All the company's products are based on the use of recycled material.
Sources
18 May 2007: BBC Website
Citation
Eurofound (2007), Palm Group, Business expansion in United Kingdom, factsheet number 65359, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65359.
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