Räpina Paper Factory (originally a paper mill) was completed in 1734, making it the oldest Estonian industrial company to still be in operation. It is also one of the most unique examples of industrial architecture in Europe. The first paper machine arrived in Räpina from Germany in 1873, which was when the mill became a factory. It produced a variety of paper for writing and printing. Three more machines were later introduced to the factory, one of which is still in use - if a little rejigged - today.

As a company that cares about the environment, the factory aims to combine contemporary and environmentally friendly production technology with 300 years of production experience.