Displaying items by tag: BillerudKorsnäs

Paper packaging materials- and solutions provider BillerudKorsnäs and plastic packaging solutions provider ALPLA have just announced that they will embark on a joint venture. They do so with the vision to develop a fully biobased and recyclable paper bottle.

BillerudKorsnäs and ALPLA today announced that they will form a joint venture in the Danish paper bottle company ecoXpac. When the transaction has been completed, BillerudKorsnäs and ALPLA will own equal parts of ecoXpac. A minority post will be held by the founder family. BillerudKorsnäs is currently the majority owner and has been a shareholder in the company since 2015. BillerudKorsnäs has been a driving force in the ongoing development of a paper bottle, which was started by ecoXpac in 2010 and with Carlsberg Group since 2015.  

ALPLA and BillerudKorsnäs share the ambition to drive packaging innovation in a sustainable direction. The two companies intend to leverage the development by combining their resources, competencies and strengths to support scaling ecoXpac in the commercialisation of a fully biobased and recyclable paper bottle.

Paper BottlePaper Bottle

In late 2016, Carlsberg Group revealed a first physical prototype of a paper bottle, the Green Fiber Bottle, and the first generation of paper bottles has since then been in a testing phase. The plan now is to continue the development to be able to launch and then scale up production. Following generations will be both fully biobased and have biodegradable barriers thereby fully realising the vision and enabling consumers all over the world to live more sustainably. It is to realise this vision the two companies come together on this journey of innovation.

With BillerudKorsnäs we have found an ambitious partner creating a new packaging market segment that offers a complementary consumer experience to our current rigid packaging solutions. ALPLA is sharing the passion for technical challenges and innovation. I want to emphasise the long-term vision of the joint venture to introduce fully biobased paper bottles. ALPLA is contributing capital as well as technical know-how to the joint venture to accelerate the development and market introduction of the paper bottle, says Günther Lehner, CEO of ALPLA.

- "I believe that with our shared and honest ambition to break new ground, ALPLA and BillerudKorsnäs now make an important commitment to contribute to a more sustainable future. The question is not “if” but rather “how soon” this joint venture will introduce a fully biobased and recyclable paper bottle to the market. When we do, it will enable a significant shift in consumer behaviour globally, says Petra Einarsson, CEO and President BillerudKorsnäs."

EcoXpac was founded with a strong vision for the future. Today we are privileged to have the best players in their fields sharing our vision. It makes me proud of what we have achieved so far. The vision has never felt closer to reality than today, says Martin Grosen Petersen, CEO of ecoXpac.

The formation of the joint venture is subject to customary regulatory approvals such as merger control clearances. It is expected that the transaction is completed in Q3 2019.

ALPLA is one of the leading companies involved in plastic packaging. Around 20,800 employees worldwide produce custom-made packaging systems, bottles, closures and moulded parts at 178 sites across 46 countries. The high-quality packaging is used in a wide range of areas, including for food and drinks, cosmetics and care products, household detergents, washing and cleaning agents, pharmaceutical products, engine oils and lubricants.
ALPLA operates its own recycling plants: PET Recycling Team with a site in both Austria and Poland, and in the form of a joint venture in Mexico. ALPLA has been cooperating with Texplast (Germany) on PET recycling since July 2018. www.alpla.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 4400 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. BillerudKorsnäs Venture AB, a fully owned subsidiary, accommodates several venture initiatives. www.billerudkorsnas.com

EcoXpac is an innovative Danish company specialised in designing, developing and implementing process solutions for moulded fibre bottles. The company follows a strategy striving to introduce fibre-based products in categories dominated by other materials and by so doing contributing to a more a sustainable future.

 

Published in European News

What will a sustainable and exciting packaging concept look like in 2030? Most likely we will see many and innovative answers to that question at PIDA (Packaging Impact Design Award), the international design competition arranged and hosted by BillerudKorsnäs. In this year’s edition of PIDA, the brief encourages the participating students to gaze into the future and create an innovative, functional and sustainable packaging concept to solve a problem of the future.

“We have to start today if we want to find tomorrow’s solutions. Change doesn’t happen overnight. Design for the future means to stop and think, question the way things are, identify problems and go to work to change things for the better. This year’s theme gives the students tons of opportunities to push the envelope of their creativity,” says Johanna Oderstad, Technical Sales Carton Solutions BillerudKorsnäs.

2019 03 11 094021

Bring the Future
Consumers of today demand more of a package than ever. They expect less plastic, unique design and sustainable solutions. 72% of all consumers say they are willing to pay more for a product packed in a sustainable way, according to a BillerudKorsnäs 2017 survey. The theme for this year’s PIDA is Bring the Future and the key word is “sustainability”. “A theme this broad gives the students ample possibilities to go their own way. They can fantasize about future scenarios that they are able to imagine. We hope to see innovative concepts that will give us new food for thought.”

Selecting an international winner
The Swedish part of PIDA will be held on 22 May in Stockholm. Here, students from Germany will participate as well. PIDA France will be held on 16 June in Reims. For the first time this year, UK students have their own PIDA event – in Sheffield on 4 June. And also for the first time, an international PIDA winner will be selected at the luxury packaging show Luxe Pack in Monaco on 30 September.

“We have arranged PIDA for many years now, with a similar setup over a long time. We want to take the competition to a new level. This way we can give the students an even greater incentive and introduce their design projects to a wider audience,” says Johanna Oderstad.

About PIDA
For the 15th consecutive year the international packaging design competition PIDA (Packaging Impact Design Award) is arranged by BillerudKorsnäs. Around 200 design students from France, Germany, Sweden and the UK participate. At each national event winners are selected in the following categories: Highest Level of Sustainability, Highest Level of Innovation, Highest Level of User Friendliness, and PIDA Gold Award. The competition aims to demonstrate the importance of packaging to products, brands and the environment.

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

Published in European News

BillerudKorsnäs have just announced that Helene Biström is appointed as Senior Vice President for Paper, one of the company’s three divisions in the new organisation that came into effect on the 1st of October.

billkorlogoEarlier this year, BillerudKorsnäs announced that the company will create three divisions with profit and loss responsibility in order to more effectively realise the company's growth strategy. The three divisions are Board, Paper and Solutions. Helene Biström is appointed Senior Vice President Division Paper. She will be a member of the company’s senior management team. Helene is currently the CEO of Infanord.

“It is my conviction that Helene, along with the strong team at Paper, will lift the division to new heights both in regards to production stability and new products. Helene will also contribute to Group Management with her broad leadership experience,” says Petra Einarsson, President and CEO of BillerudKorsnäs.

“I am honoured to be offered the position Senior Vice President for the Paper division at BillerudKorsnäs. It will be very exciting to take on this challenge. The combination of solid competence and innovation with a strong focus on sustainability, makes BillerudKorsnäs direction and products perfectly positioned in time. I look forward to developing the Paper division along with my team,” says Helene Biström.

Helene is a highly experienced leader with previous assignments as deputy CEO of Vattenfall and CEO of Norrenergi. Helene also has a background with several significant board assignments, including as chairman of Sveaskog, and is currently active in Pöyry's Board. In 2008 Helene was named Business Woman of the Year by Veckans Affärer.

Helene will start in the position at the latest during April 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 4 300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

Published in European News

“Unlocking the Potential” is the main theme of BillerudKorsnäs’ Capital Markets Webcast on 17 September 2018. During the webcast, BillerudKorsnäs will provide a strategy update including more insights into the Next Generation and Production Excellence programmes. The group’s long-term financial targets remain unchanged. In addition, new KPIs to measure the group’s progress over the next years will be presented.

BillerudKorsnäs estimates that global demand for sustainable packaging solutions will remain strong, with a growth rate in the packaging market of approximately 3% CAGR. Following a long period of large investments, driven principally by the new KM7 board machine, BillerudKorsnäs is ready to unlock its potential and strengthen its leading position.

billkorlogoNext Generation is close to completion and entails the construction of KM7 and renovations to the existing pulp mills. As well as adding new capacity, this will also contribute to more focused production facilities. The total investment for KM7 is expected to amount to SEK 7.6 billion, which is higher than the previous estimate due to increased costs for the civil and construction project as well as negative currency effects. The machine will be started in March-April 2019 and is expected to produce ~240 ktonnes in 2019 and 390 ktonnes in 2020. The group’s total capital expenditure is expected to amount to SEK 5.3 billion in 2018 and SEK 2.75 billion in 2019, and will level out at SEK 1.3 billion in 2020.

BillerudKorsnäs will continue to pursue its strategy for sustainable solutions and profitable growth, with focus on position, innovation, sustainability and effectiveness. To unlock its full potential over the next years, the group will follow an agenda of prioritised activities aimed at securing the successful ramp-up of KM7, safeguarding the wood supply, stabilising production, enhancing effectiveness, and accelerating innovation and solutions. BillerudKorsnäs has identified certain KPIs to monitor the progress of this work.

“Sustainable packaging has a bright future and BillerudKorsnäs is in a position to increase the pace of challenging the conventional with new solutions. I look forward to presenting our priorities for the next few years, with an agenda that reflects our strong potential”, says Petra Einarsson, BillerudKorsnäs President and CEO.

Unchanged long-term financial targets
BillerudKorsnäs will continue to pursue the following long-term financial targets:

- Organic growth of 3-4% per year
- The EBITDA margin should exceed 17%
- Return on capital employed should exceed 13%
- Interest-bearing net debt in relation to EBITDA should be below 2.5
- The dividend should amount to 50% of net profit

For the new divisions, average annual growth (CAGR 2017-2023) is expected to amount to 0-2% for Paper, 4-5% for Board, and 15-25% for Solutions.

KM7 financial impact

- Expected total impact on EBITDA from KM7 ramp-up:

  • 2019 SEK -500 million
  • 2020 SEK -200 million
  • 2021 EBITDA positive

KPIs
BillerudKorsnäs has set the following KPIs to simplify measurement of the group’s progress over the next years:

- An improvement of 4 percentage points in overall equipment efficiency (OEE) over the next 2 years, equivalent to an EBITDA improvement of SEK 100 million for each percentage point
- A reduction in lost time injury frequency rate (LTIFR) from 7.7 in 2017 to less than 1.5 in 2023
- An increase in new product ratio (NPR) from 7% in 2017 to 15% in 2023

Market outlook Q3
In the Capital Markets Webcast, BillerudKorsnäs will also provide an update on the market outlook for the third quarter of 2018:

- Demand and order situation are expected to continue to be strong, with normal seasonal variations for all business areas
- Possibilities of selected sales price increases remain
- Demand-driven wood cost increases are expected to continue
- The financial impact on Q3 2018 from the wood shortage is estimated to be SEK -40 million

Participation details
BillerudKorsnäs will present its view of the potential and targets for the next years during the Capital Markets Webcast on 17 September 2018 between 10.00-12.00 CEST. A link to the webcast is provided at https://www.billerudkorsnas.com/CMD2018. To participate by phone and in the Q&A session, please use the following dial-ins:

Sweden: +46 8 566 42 651
UK: +44 3333 000 804
US: +1 631 9131 422

PIN: 49760855#

Additional Info

  • About

    BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging in order to create a more sustainable future. We are a world-leading provider of primary fibre-based packaging materials, supplying these to customers in more than 100 countries. The company has eight production plants in Sweden, Finland and the UK and employs around 4,400 people in more than 13 countries. BillerudKorsnäs has sales of approximately SEK 22 billion and its shares are listed on Nasdaq Stockholm. www.billerudkorsnas.se.

Published in financial News

BillerudKorsnäs leads the containers and packaging industry in Dow Jones Sustainability Indices (DJSI) based on its total sustainability score in 2018.

The Dow Jones Sustainability Indices (DJSI) and RobecoSAM Corporate Sustainability Assessment (CSA) is an annual evaluation of companies’ sustainability practices. Each year over 3 400 listed companies around the world are analyzed, the top 10 percent are included in the Dow Jones Sustainability World Index. This year BillerudKorsnäs is the industry leader in the category Containers & Packaging and is included in the Dow Jones Sustainability World Index. BillerudKorsnäs achieves industry top scores for its climate strategy, customer relationship management, supply chain management and talent attraction & retention.

billkorlogo"Being named the most sustainable packaging company and, for the second consecutive year, one of the most sustainable companies in the world, is a great honor for us. Sustainability is an integral part of everything we do and with this position in the Dow Jones Index, we strengthen our position as a global driving challenger of conventional packaging solutions as well as working methods. This industry leadership is an excellent platform for our further pursuit of contributing positively to a sustainable future," says Petra Einarsson, President and CEO of BillerudKorsnäs.

BillerudKorsnäs sustainability work focuses on three areas: increasing customer value, responsibility throughout the value chain and contributing to a sustainable and bio-based society. In practice, that means to strengthen the customers sustainability work and competitiveness by developing smart packaging solutions based on renewable materials; to speed up the transition towards a sustainable and bio-based society by combating climate change throughout the entire value chain locally and globally; as well as to promote responsibility from raw material supply and production to recycling and provide engaging workplaces where safety, diversity and human rights are a priority.

From the RobecoSAM/Dow Jones report:

Containers and packaging companies are critical to the global economy and supply virtually every sector with tools to effectively protect, transport, market, and preserve their products for sale and use. Sustainable packaging continues to be a major industry trend driving innovation and differentiation. BillerudKorsnäs AB leads the Containers & Packaging industry in RobecoSAM’s Corporate Sustainability Assessment based on its Total Sustainability Score in 2018.

Read the full report: http://www.robecosam.com/images/IndustryLeader_DJSI2018_BillerudKorsnas_AB.pdf

About Dow Jones Sustainability Index
Dow Jones Sustainability Index (DJSI), launched in September 1999, is the first global index on how companies perform within economically relevant environmental, social and economic governance factors (ESG, Environmental, Social and Corporate Governance). Annually, over 3,400 of the world's largest companies from developed and emerging markets are analyzed by RobecoSAM in cooperation with Dow Jones. www.sustainability-indices.com

Additional Info

  • About

    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

Published in European News

BillerudKorsnäs has opened one of Europe's largest and most efficient MG paper machines at Skärblacka production unit outside Norrköping in Sweden. The opening ceremony was held by BillerudKorsnäs President and CEO Petra Einarsson, retiring Governor of Östergötland County Elisabeth Nilsson, acceding Governor of Östergötland County Carl Fredrik Graf and Factory Manager of Skärblacka Production Plant Håkan Krantz. More than 500 people attended the ceremony at the Trozelli Gallery in Norrköping.

From left to right: Petra Einarsson President and CEO BillerudKorsnäs, Carl Fredrik Graf acceding Governor of Östergötland County, Elisabeth Nilsson , retiring Governor of Östergötland County and Håkan Krantz Manager of Skärblacka Production Plant.From left to right: Petra Einarsson President and CEO BillerudKorsnäs, Carl Fredrik Graf acceding Governor of Östergötland County, Elisabeth Nilsson , retiring Governor of Östergötland County and Håkan Krantz Manager of Skärblacka Production Plant.

The investment of approximately SEK 1.3 billion, partly in an upgraded existing paper machine and partly in a new machine for machine glazed kraft paper (MG paper), is part of BillerudKorsnäs venture to create a world-leading MG center in Skärblacka. The investment enhances BillerudKorsnäs product mix, lays the foundation for a broader product portfolio with higher value added and demonstrates that the company strengthens its leading position as global supplier of kraft paper for packaging purposes.

The applications for machine glazed kraft paper range from consumer goods to industrial products such as fat-resistant paper for consumer bags and fast food markets, barrier paper for dairy products such as butter packaging and paper for sealing medical disposable items.

Both the new MG machine and the capacity enhancement of existing machines opens new as well as enables growth in attractive market segments, while at the same time the investment as a whole provides a solid foundation for further development of Skärblacka as a world-leading MG center.

"It is with great joy and pride that we today have opened one of Europe's largest and most efficient MG machines. With this effort, we have strengthened our position as world leader in MG paper and also laid a solid foundation for further development of our product mix and offering," says Petra Einarsson, President and CEO of BillerudKorsnäs.

Facts about BillerudKorsnäs MG Center at Skärblacka production unit:

 

Additional Info

  • About

    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

Published in European News

BillerudKorsnäs has just announced that Mikael Andersson is appointed Senior Vice President for Board, one of the company's three divisions in the new organisation. The new organisation takes effect on the 1st of October.

Earlier this year, BillerudKorsnäs announced that the company will create three divisions with full profit and loss responsibility in order to more effectively realise the company's growth strategy. The three divisions will be Board, Paper and Solutions.

Mikael AnderssonMikael AnderssonMikael Andersson, today Senior Vice President for the current business area Corrugated Solutions, is appointed Senior Vice President Board. Corrugated Solutions will when the new organisation takes effect be split and the parts integrated in respectively Board and Solutions. Mikael Andersson will be, and is already today, part of the company's senior management team.

- "I am very happy that Mikael Andersson has accepted the offer to assume the role of Senior Vice President Board, one of our three divisions. Mikael has proven to be a strong leader as well as team player in the role of head of the business area Corrugated Solutions. I am convinced that Mikael is the right person to continue to develop and create growth in the Board division," says Petra Einarsson, President and CEO BillerudKorsnäs.

- "It is with great excitement I take on the role as Senior Vice President for the Board division. BillerudKorsnäs is on a journey to challenge conventional packaging for a sustainable future and hence also a growth journey. On this journey, liquid board, carton board, liner, fluting and other product categories included in the Board division are essential pieces. I am looking forward to developing this part of BillerudKorsnäs´ business together with my new team", says Mikael Andersson.

Mikael will take up his new position on October 1st, when the new organisation takes effect. The other two divisions´ Senior Vice Presidents are expected to be appointed within short.

Additional Info

  • About

    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 4 300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

Published in European News

BillerudKorsnäs and Uppsala University are making paper batteries a reality, paving the way for energy storage in packaging materials.

BillerudKorsnäs and researchers at Uppsala University have together taken an important step towards the future’s paper batteries. Together they have taken basic research based on pure cellulose from algae and developed it to work with the same type of fibre that BillerudKorsnäs usually uses to manufacture packaging material. This development opens up for both inexpensive and eco-friendly batteries. The long-term aim is to enable large-scale production and the future use of paper batteries for applications in areas such as smart packaging.

testing of the materialtesting of the material

Technology for large-scale production processes
The development work is being carried out by one of Sweden’s foremost research teams under Maria Strömme, collaborating with BillerudKorsnäs, as a leading company in the development of sustainable packaging technology, in a completely new form.


“What’s special in this case is the model for collaboration between BillerudKorsnäs and Uppsala University that has resulted in technology adapted to large-scale production processes. We’re combining the deep theoretical expertise of the researchers with our understanding of innovation and production technology. By successfully creating a joint platform, we can focus our work on the future, on creating an advanced product that can still be produced in an effective way,” says Lars Sandberg, project manager for innovation at BillerudKorsnäs.

Smart, connected packaging
In the long term, the paper battery opens up possibilities for developing packaging that is both smart and more sustainable. Small paper batteries with sensors can in the future open up for packaging that can be traced through the entire transport chain. This includes, for example, packaging that measures temperature or position in real time and provides information on what is happening with an item during transport.


A paper battery entails many new ways of using packaging and can thus offer exciting opportunities for the packaging industry and BillerudKorsnäs customers that wish to establish systems that safeguard quality and delivery reliability. For example, a light sensor along with a BillerudKorsnäs paper battery could provide information on where in the transport chain a product disappeared from its packaging.

With electrodes based on cellulose from wood fibre, the ambition is that in the future, it will be possible to recycle batteries along with their boxes and make them into new boxes or paper batteries.  

testing the paper battery potential and chargetesting the paper battery potential and charge

“The paper battery is a key piece of the puzzle in efforts to produce smart packaging that requires small, sustainable power sources. By enabling this type of sustainable packaging, the work on the paper battery is fully in line with BillerudKorsnäs’ vision of challenging conventional packaging for a sustainable future. Storing energy in paper instead of in lithium batteries, for example, allows for bio-based batteries that can form part of a circular system, which provides major sustainability benefits,” says Magnus Wikström, technical director at BillerudKorsnäs.

Additional Info

  • About

    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

Published in European News

BillerudKorsnäs has within the scope of the recently launched group-wide program for improved production efficiency decided to implement measures with the aim of strengthening the workplace efficiency and environment at several of the Group’s mills. In total, a provision of approximately SEK 450 million will be made, of which approximately SEK 200 million will impact cash flow over a three-year period. The provision will have a negative effect on the result in the second quarter of 2018.

billkorlogoThe measures to strengthen the workplace environment will be taken during the ordinary maintenance shutdowns, starting after the summer, and continue through two to three maintenance cycles, depending on the work carried out. The measures will include demolition of old buildings and decontamination.

As the final stage of the consolidation of Billerud and Korsnäs, it has also been decided to implement unified accounting principles regarding spare parts and consumables at the mills, which will lead to impairment losses with effect in the second quarter.

In total, a provision of approximately SEK 450 million, of which approximately SEK 200 million will impact cash flow over a three-year period, will be made in the second quarter of 2018.

The provision will be reported as an item affecting comparability under unit Other. The interim report for the period January-June 2018 will be published on 18 July 2018.

For more information, please contact:
Susanne Lithander, CFO, +46 (0)8 553 335 07

Christopher Casselblad, Investor Relations, +46 (0)8 553 335 08

Additional Info

  • About

    BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging in order to create a more sustainable future. We are a world-leading provider of primary fibre-based packaging materials, supplying these to customers in more than 100 countries. The company has eight production plants in Sweden, Finland and the UK and employs around 4,400 people in more than 13 countries. BillerudKorsnäs has sales of approximately SEK 22 billion and its shares are listed on Nasdaq Stockholm. www.billerudkorsnas.se

Published in financial News

BillerudKorsnäs has just announced that negotiations with labour unions over a proposal for new organisation will be initiated within short. The proposal contains a full profit and loss responsibility in three divisions.

billkorlogo“During my first months with BillerudKorsnäs, it has become clear to me that we have great conditions for profitable growth. In order for us to take maximum advantage out of these conditions, we need to become faster and clarify accountability within the company. This we now want to accomplish through a new organisation in three divisions with full profit and loss responsibility”, says Petra Einarsson, President and CEO of BillerudKorsnäs.
The current organisation of BillerudKorsnäs is a matrix with three business areas, a production organisation and a number of supporting functions. The proposal for a new organisation, which will be subject to negotiations, contains an organisation in three divisions: sack and kraft papers, board and corrugated materials, and packaging solutions. The production units will be included in the division for sack and kraft papers and in the division for board and corrugated materials. All the details of the future organisation are not yet decided and will be worked out and negotiated going forward.

In parallel to this process, a review of the roles and composition of the senior management team of the company will also be carried out.
After finalised negotiations, the ambition is to staff the new organisation and fully implement it during the latter part of 2018. The external financial reporting of the company will be changed according to the new organisation by January 1st, 2019.

Additional Info

  • About

    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 4 300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

  • Contacts

    For more information, please contact:
    Henrik Essén, Senior Vice President Communication and Sustainability, BillerudKorsnäs AB (publ), +46 (0)730 573801

Published in European News
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