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Due to current circumstances regarding the Covid-19 virus, BillerudKorsnäs postpones the major parts of the maintenance shutdown initially planned to be held week 13, 2020 at Gruvön.

billkorlogo– We have decided that during the current circumstances it is not possible to follow through the maintenance shutdown as initially planned. Further, we must also consider the risk of infection for our employees, but also the many suppliers and contractors who were scheduled to come to Gruvön, says Ivar Vatne, CFO at BillerudKorsnäs.

The additional negative financial effects of postponing the maintenance shutdown is calculated to MSEK 40-100 for the full year of 2020. BillerudKorsnäs closely monitors the development and is now planning, together with contractors, to carry out the maintenance shutdown in Gruvön during the third quarter of 2020.

The ramp-up of KM7 continues to be BillerudKorsnäs’ number one priority for 2020. An additional consequence of the postponed maintenance shutdown is that BillerudKorsnäs adjusts the previously communicated negative earnings interval by MSEK 100 to MSEK 250-450 for the full year 2020. Focus remains on producing coated material and we expect to launch the process of certifying materials during the second quarter of 2020.

Other financial effects related to Covid-19 have so far been fairly limited. At this stage, it is too early to estimate to what extent Covid-19 will affect BillerudKorsnäs long-term.

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Wednesday, 06 November 2019 08:03

Lennart Holm appointed acting CEO of BillerudKorsnäs

The Board of Directors of BillerudKorsnäs AB has appointed the current Chairman of the Board, Lennart Holm, as acting CEO from November 5, 2019. Petra Einarsson leaves as CEO with immediate effect.

The work to recruit a permanent CEO will start immediately. As Lennart Holm will assume the role of acting CEO, the Board has appointed the current Board member Jan Åström as Chairman of the Board.

Lennart HolmLennart Holm“BillerudKorsnäs has a historic opportunity to actively contribute to the transition towards a more resource efficient and sustainable packaging industry. It is the view of the Board of Directors that the company has not developed at the expected pace”, says Jan Åström, new Chairman of the Board.

“We are well positioned for success. The strategy is clear and the entire organization must now focus to implement it at a high pace to further create value for our shareholders, customers and our stakeholders”, says acting CEO Lennart Holm.

Lennart Holm has been a board member of BillerudKorsnäs since 2012 and has been Chairman since 2014. He has previously been, among others, the CEO and Chairman of the Perstorp Group and active in Stora Enso. Jan Åström, who has been on the Board since 2018, has extensive experience from leading positions in the pulp and paper industry. He has, among others, been the CEO of Ahlstrom Munksjö, SCA and MoDo Paper.

“The Board thanks Petra Einarsson for her contribution to BillerudKorsnäs. During her leadership, the installation of KM 7 has been completed, Bergvik Skog Öst has been divested, the strategy has been reviewed and a program to further improve health and safety has been initiated”, says Jan Åström.

For further information, please contact:
Christopher Casselblad, EVP Communication, +46 8 553 335 08

This information constituted inside information prior to publication. This is information that BillerudKorsnäs AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 19:00 CET on 4 November 2019.

BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4 500 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 24 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

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BillerudKorsnäs is offering an innovative paper, FibreForm®, to make laminates for trays used in food packaging. Now, a recent life cycle assessment performed by RISE, Research Institutes of Sweden, shows that a packaging tray made from FibreForm has up to 71% less global warming impact compared to trays made of only plastic.

  • The life cycle assessment study is the first of its kind that compares the environmental profile of plastic-based trays against paper. The difference in climate impact is substantial, says Michael Sturges, who lead the study at RISE.

The main reason for the lower global warming potential is that the FibreForm laminate requires less energy in production than plastic. In addition, the tray can be recycled as paper in most European countries, which reduces the end-of-life impact. The first tray made of FibreForm was released to the market about 10 years ago and further improved together with production partners.

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- We developed FibreForm to challenge conventional packaging with the objective to reduce unnecessary plastic packaging. The 3D-formable material makes it strong and stable. We believe that we create a sustainable growth by offering alternative packaging possibilities together with our partners, says Hein van den Reek, Business Director Solutions at BillerudKorsnäs.

The tray made of FibreForm is approved for food contact and can be found in retail stores as a packaging for cheese, meat, fish and similar food. The material can be formed in existing thermoforming lines and press-forming equipment on the market, meaning that food processors, brand owners and retailers can make an easy switch in their production.

The life cycle assessment performed by RISE compares FibreForm trays with conventional EPS trays and APET/PE laminated plastic trays. The study encompasses all stages of the product life cycle, from raw material production to landfill or recycling. At 20.0 kg CO2e per 1,000 trays consumed and disposed of, the FibreForm tray offers a 62% saving in global warming potential compared to the EPS tray and a 71% saving compared to the APET/PE tray. The work has been peer reviewed by Intertek, a global leader in the field of verification and assurance. The full study is available here: https://www.billerudkorsnas.com/sustainability/life-cycle-assessment-and-environmental-product-declarations.

BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production units in Sweden, Finland and the UK and about 4300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

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BillerudKorsnäs, together with partners, proudly presents Paboco, the paper bottle company, uniting leading experts in material, design and technology, and supported by world-leading consumer brands to bring sustainable progress to the bottling industry.

Building on years of experience, the development journey towards a sustainable paper bottle first began in 2015 by innovation expert EcoXpac in collaboration with Carlsberg Group and BillerudKorsnäs, with support from project partners.

Now in 2019, Paboco represents a joint venture between paper packaging material developer BillerudKorsnäs and bottle manufacturing specialist Alpla.

To support the initiative and explore further development and commercial opportunities, Paboco is officially launching the Paper bottle community with participation from the partners below


This is our Paper bottle community:

Pioneer owner              Pioneer brands               Pioneer partners

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Building lasting change takes time and any challenge to the norm carries equal amounts of risk. To provide the best system for success, we are building a community of partners that share our vision, understand the complexity of innovation and the crucial importance of introducing smarter and more sustainable packaging solutions.

Our ambition is matched by the challenges we are facing: Challenging the traditional bottling industry and indirectly sparking a movement for a more sustainable everyday.

“It is all about the team! We are collaborating across the value chain, sharing the risks and are united in our vision that the Paper Bottle will become a reality and fundamentally change this industry for good”, says Mrs. Gittan Schiöld, interim CEO of Paboco.

Our long-term goal: a sustainable choice for the future.

The Paper Bottle is a step-by-step innovation concept focused on scaling and product functionality. It is the first of its kind for liquid goods such as carbonated and still drinks, beauty products and more.

Alongside the scaling of the production technology, Paboco works for the transition to a bottle solution for the future circular society, a 100% bio-based and recyclable paper bottle that can harmlessly degrade if accidentally put in nature. Our vision will always drive us further than the expectations of today and push us to improve the paper bottle to become fully sustainable and optimized for material reuse and circularity.

This work is undertaken in generations of the Paper Bottle, building on existing barrier technologies of today and exploring those of tomorrow. Each pioneer brand will develop and design their own paper bottle to meet the needs of their category.

About the Paper bottle community:

The paper bottle community unites a group of pioneering partner brands and experts in materials, design and technology. Together, we are shaping sustainable everyday life by contributing to the making of a fully bio-based and recyclable bottle made from wood fibres. A long-term innovation project run by Paboco®, the paper bottle company.

About Paboco:

Paboco®, the paper bottle company, is a joint venture between paper packaging materials- and solutions provider BillerudKorsnäs and bottle manufacturing specialist Alpla, grown from the start-up and innovation expert ecoXpac. Our aim is to provide consumers with a fully bio-based and recyclable paper bottle, that ultimately will change the industry and impact the environment for good. www.paboco.com

BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production units in Sweden, Finland and the UK and about 4300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

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For 15 years running, BillerudKorsnäs has arranged and hosted PIDA - Packaging Impact Design Award, a competition among design students in France, Germany, Sweden and the UK. For the first time in the history of the competition, an all-European winner has been selected. The Grand Finale was held at Luxe Pack Monaco, the world’s leading trade fair for luxury packaging, and the title went to “Bois Underwear” by Swedish students from design college Nackademin.

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The students behind the winning design are Natasha Bosnjak, Alicia Lundgren and Christian Koch. Their design qualified for the Grand Finale by winning the Gold Award at the Swedish PIDA event. They suggested that packaging design in the future may very well be fun, playful and edgy. The winner is a retail pack for men’s underwear in the shape of a banana, which you peel to open.

“We are so happy about this prize,” says Alicia Lundgren. “It means everything. And it means a lot that we just followed our hearts, never held back, and disregarded the usual Scandinavian design conventions. We managed to make sustainability look fun, and we are very pleased with that.”

A glimpse of the future

For every year, the competition has a new theme. This year’s brief was "Bring the Future" and the students’ challenge was to develop a sustainable packaging concept for the year 2030. The jury looked at the innovativeness, sustainability, user-friendliness, concept and communication of the contesting design projects. Bois Underwear received high marks on all points, and its colourful appearance drew a lot of attention. In total, 36 design projects were nominated and four of them made it to the Grand Finale.

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The Grand Finale winner was elected by a jury comprising a mix of industry professionals – designers, converters, brand owners and other specialists – all of whom have been on the jury at one of the previous PIDA-events this year.

“The brief presented to students at the PIDA 2019 was ambitious. Imagining the packaging of the future seems simple at first sight, but that is without counting the current trends that are the new technologies, the sustainable development and the aging of the population,” says Sophie Lindhe, Brand Project Coordinator, at BillerudKorsnäs.

Young talents become tomorrow’s packaging designers

 The international competition PIDA is a BillerudKorsnäs initiative and is carried out in collaboration with leading universities and colleges in Sweden, the UK, France and Germany. Each year, about 200 design students participate.

“With PIDA we achieve several different purposes at the same time,” says Anders Gathu, Marketing Manager at BillerudKorsnäs. “We aim the spotlight on the importance of packaging for brands, consumer benefits and the environment. We want to shine light on the young talents who will become tomorrow’s packaging designers and bring them together with industry professionals. By offering a meeting place for ideas, innovation and inspiration, we help push industry development forward.”

Natasha Bosnjak, Alicia Lundgren and Christian Koch won the PIDA Grand Finale.

For more information about PIDA, please contact:

Sophie Lindhe, Brand Project Coordinator, BillerudKorsnäs

E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

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Due to a lower pace in the initial start-up of the new board machine at Gruvön, the effect on the result in the third quarter is adjusted by approximately SEK 150 million. The effects in the fourth quarter and the full year 2020 are expected to be unchanged. The machine is still expected to make a positive contribution to EBITDA in 2021.

billkorlogoThe customer response on produced and sold material is positive and the technical quality is satisfactory. However, production volumes from KM7 in 2019 are expected to be lower than previously planned. This is mainly due to lower pace in the initial start-up in combination with the complexity of the integration with the existing mill. The market demand for the material produced continues to be good and the machine is still expected to run at full production capacity in 2023.

The negative full year effect 2019 on EBITDA for the start-up of KM7 is adjusted from SEK 500 million to SEK 650 million. The effect on the result impacted the first half year by SEK 190 million and is estimated to impact the third quarter by approximately SEK 300 million and the fourth quarter with approximately SEK 160 million.

For further information, please contact:
Ivar Vatne, CFO, +46 8 553 335 07
Lena Schattauer, Head of Investor Relations, +46 8 553 335 10

This information constituted inside information prior to publication. This is information that BillerudKorsnäs AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08:45 CET on 16 September 2019.

BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production units in Sweden, Finland and the UK and about 4,500 employees in over 13 countries. BillerudKorsnäs has an annual turnover of approximately SEK 24 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

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BillerudKorsnäs introduces a cost reduction programme to ensure long-term efficiency and profitability. The measures include staff cuts in mainly administration, purchasing-related savings and efficiency improvements throughout the business.

billkorlogoAs a part of a strategic update, BillerudKorsnäs is introducing a cost reduction programme expected to generate positive effects on earnings of around SEK 600 million with lasting effects beginning in 2021. The positive effects in 2020 are expected to amount to approximately SEK 250 million. As part of the programme, BillerudKorsnäs has decided to reduce the number of employees by up to 300. This decision affects the entire operation and negotiations with the trade unions will begin shortly.

“There is considerable potential to increase our cost efficiency within BillerudKorsnäs. We are a well-positioned, fundamentally stable company that continuously improves our operational efficiency. This programme will ensure long-term efficiency and profitability,” says Petra Einarsson, CEO and President of BillerudKorsnäs.  

In addition to increasing the efficiency of the business operations, the updated strategy also involves BillerudKorsnäs accelerating its innovation and repositioning solutions. The strategy focuses on clearer priorities and concrete initiatives that enable strong execution with the aim of continuing to challenge conventional packaging for a sustainable future.

For further information, please contact:
Ivar Vatne, CFO, +46 8 553 335 07
Lena Schattauer, Head of Investor Relations, +46 8 553 335 10

This information constituted inside information prior to publication. This is information that BillerudKorsnäs AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08:45 CET on 16 September 2019.

BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production units, in Sweden, Finland and the UK, and about 4,500 employees in over 13 countries. BillerudKorsnäs has an annual turnover of approximately SEK 24 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

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Due to a lower pace in the initial start-up of the new board machine at Gruvön, the effect on the result in the third quarter is adjusted by approximately SEK 150 million. The effects in the fourth quarter and the full year 2020 are expected to be unchanged. The machine is still expected to make a positive contribution to EBITDA in 2021.

billkorlogoThe customer response on produced and sold material is positive and the technical quality is satisfactory. However, production volumes from KM7 in 2019 are expected to be lower than previously planned. This is mainly due to lower pace in the initial start-up in combination with the complexity of the integration with the existing mill. The market demand for the material produced continues to be good and the machine is still expected to run at full production capacity in 2023.

The negative full year effect 2019 on EBITDA for the start-up of KM7 is adjusted from SEK 500 million to SEK 650 million. The effect on the result impacted the first half year by SEK 190 million and is estimated to impact the third quarter by approximately SEK 300 million and the fourth quarter with approximately SEK 160 million.

BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production units in Sweden, Finland and the UK and about 4,500 employees in over 13 countries. BillerudKorsnäs has an annual turnover of approximately SEK 24 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

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Tuesday, 03 September 2019 08:45

BillerudKorsnäs appoints EVP Sustainability

BillerudKorsnäs Sustainability Director Malin Ljung Eiborn will on the 1st of October take place in the Executive Leadership Team of BillerudKorsnäs. Sustainability thus becomes a separate function at group level instead of, as previously, part of the communication department.

Malin Ljung EibornMalin Ljung EibornIn BillerudKorsnäs, supplier of sustainable packaging materials and solutions, sustainability is integrated in the business. The company's purpose “we challenge conventional packaging for a sustainable future” becomes even clearer when the group wide responsibility now becomes part of the Executive Leadership Team (ELT).

- Sustainability is today at the heart of our business. We will continue to take the lead and to include sustainability in the ELT as its own group function therefore feels natural. The fact that Malin in her relatively short time in the company has already contributed strongly to our development made including here in the ELT an easy decision to take, says Petra Einarsson President and CEO.

- I am very happy about this opportunity and look forward to now stepping into the ELT and continue to develop sustainability as a strong driving force for our company's continued development.  Since sustainability is part of everything we do, this is also an important step in getting the whole company moving in the same direction towards a sustainable future, says Malin.

Malin Ljung Eiborn has been Director Sustainability and public affairs at BillerudKorsnäs since January 2018. Before that she worked for the communications agency Prime where she was partner and part of developing the sustainability offering. Malin has previously worked for many years at the Swedish Ministry of Foreign Affairs and has a Master’s degree in EU law.”

For further information, please contact:
Malin Ljung Eiborn, +46 (0) 76 797 35 30, This email address is being protected from spambots. You need JavaScript enabled to view it.

BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production units in Sweden, Finland and the UK and about 4300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

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The demand for sustainable packaging among consumers and brand owners all over the world is growing at an exponential rate, which in many cases drives a strong need to replace plastic packaging. Strong partnerships are required to bring about the development and innovation needed to meet this demand. A good reason for Bosch Packaging Technology and BillerudKorsnäs to intensify their successful collaboration.

Already in 2016, Bosch and BillerudKorsnäs presented their first major joint innovation - Sealed Paper Packaging on a vertical form, fill and seal machine (VFFS). The ZAP module from Bosch makes it possible to process mono-material Axello® ZAP paper from BillerudKorsnäs on VFFS technology with dust-tight sealing. Now Bosch Packaging Technology and BillerudKorsnäs are developing new sustainable paper-based packaging innovations. Both companies are further strengthening their approach to work closely with partners along the value chain to find better solutions for a sustainable future.

bosch logo english“Developing sustainable packaging solutions is an urgent and challenging topic. New solutions must be sustainable and at the same time ensure efficient processing. By combining the expertise of BillerudKorsnäs in the field of paper-based packaging material with our technological know-how, we will be able to answer both challenges,” says Dr Stefan König, president of Bosch Packaging Technology.

“The collaboration with Bosch Packaging Technology offers new perspectives for sustainable packaging. Bosch brings many years of experience in technology and implementation into the cooperation. By joining forces, we can realize our ideas in a more targeted way and shape the future of packaging together,” says Petra Einarsson, president and CEO of BillerudKorsnäs.

The first concrete result of this enhanced collaboration is the development of a new packaging concept called Pearl. It aims to show how uniquely formed and right-sized small packages, called shaped paper pods, can contribute to a more sustainable future by utilising the unique formability of the FibreForm® material (the leading 3D-formable paper on the market, patented by BillerudKorsnäs). The material is processed on machinery from Bosch Packaging Technology, who not only contributes long-standing expertise in forming, filling and sealing of a wide variety of materials to the cooperation but also ensures the subsequent industrialization of the newly developed technologies for commercial production.

In industries like beauty and personal care, bread spreads, savoury and confectionery, single-use plastic packaging is widespread. “The goal is to support these industries with a sustainable packaging system and replace plastic in product samples, inserts, refills, portion packs and disposable packaging,“ says Simon Johansson, project manager Packaging Solutions at BillerudKorsnäs. “We have already passed several milestones in the project,” Torsten Sauer, project manager sustainability at Bosch Packaging Technology adds. “Now we are inviting selected brand owners to join our journey towards a sustainable future.”

The Pearl concept will be shown for the first time at FOOMA (International food & technology exhibition), South hall, booth 3C-34, in Tokyo July, 9 to 12, 2019.

Together with further sustainable packaging solutions and developments, the Pearl concept will also be exhibited at the leading packaging tradeshows such as FachPack (September 24 to 26, 2019 in Nuremberg, Germany), PackExpo (September, 23 to 25, 2019 in Las Vegas, USA) and Interpack (May 7 to 13, 2020 in Dusseldorf, Germany).

About Bosch Packaging Technology

Based in Waiblingen near Stuttgart, Germany, and employing 6,300 associates, the Bosch Packaging Technology division is one of the leading suppliers of process and packaging technology. At over 30 locations in more than 15 countries worldwide, a highly-qualified workforce develops complete solutions for the pharmaceuticals, food, and confectionery industries. These solutions are complemented by a comprehensive after-sales service portfolio. A global service and sales network provides customers with local points of contact. More information is available online at www.boschpackaging.com                                             

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