In its Q3/2025 results, Mayr-Melnhof Karton (MM) announced the closure of a cartonboard mill in Turkey and at the same time emphasised investments in the Romanian site. Both measures are part of the Group-wide Fit for Future (FFF) programme, which aims to increase efficiency, optimise capacity and achieve sustainable growth.
The plant in Turkey will be shut down due to ongoing structural overcapacity and weak demand. MM justifies the decision with a consolidation of production capacities in the Board & Paper division in order to improve the capacity utilisation of the other plants.
Expansion in Romania
At the same time, MM is strengthening its activities in Romania: The site there is to be expanded as an important production and export hub in south-east Europe. Investments in modern processing facilities and efficiency improvements are planned in order to serve both regional demand and growing export markets - particularly in the food & premium packaging sector.
MM is thus clearly positioning itself for further growth in the region and creating a strategic balance between capacity reduction and targeted expansion of efficient locations.
Business performance Q1-Q3/2025
In the first nine months, the Group generated sales of EUR 2,979.5 million (-2.9 %) and adjusted EBITDA of EUR 320.3 million (+8.3 %). The adjusted operating margin rose to EUR 5.1 1TP3 thousand (previous year: EUR 4.1 1TP3 thousand).
Net profit for the period increased to EUR 166.5 million, mainly due to the gain on disposal from the TANN sale.
Outlook
In view of the persistently weak market environment and strong competition from imports, MM is continuing to focus on efficiency measures and site optimisation.
By closing the plant in Turkey and strengthening the Romanian site, the Group aims to secure its long-term competitiveness and implement the FFF programme as planned.
Source: Mayr-Melnhof
