Displaying items by tag: sca

Friday, 03 June 2016 08:30

SCA: Productos Familia S.A., Colombia

Productos Familia S.A., Colombia, of which SCA (STO:SCAA) (STO:SCAB) owns 50% of the shares, has been found guilty in an anti-trust inquiry related to tissue products conducted by the Colombian competition authority. The inquiry, which targeted Familia and four other companies in the market, pertains to activities that took place up until 2013. Familia will be fined approximately SEK 170m.

sca newlogoAs earlier communicated, SCA made a provision of approximately SEK 100m related to the Colombian competition authority’s ongoing review of Familia. The amount was reported as an item affecting comparability in the first quarter of 2016. SCA will make an additional provision of approximately SEK 70m related to the tissue category. The amount will be reported as an item affecting comparability in the second quarter of 2016.

The investigation in Colombia regarding the baby diapers category is still ongoing and no provision has been made for this.

SCA takes the matter very seriously. Since 2013, SCA has supported the company to revise its Code of Conduct based on a European model. As stated on page 43 of SCA’s sustainability report, Familia’s Code of Conduct now complies with all new legislation and the UN framework for business and human rights.

All questions about this matter should be addressed to Familia.

SCA is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. Sales are conducted in about 100 countries under many strong brands, including the leading global brands TENA and Tork, and regional brands, such as Libero, Libresse, Lotus, Nosotras, Saba, Tempo, Vinda and Zewa. As Europe’s largest private forest owner, SCA places considerable emphasis on sustainable forest management. The Group has about 44,000 employees. Sales in 2015 amounted to approximately SEK 115bn (EUR 12.3bn). SCA was founded in 1929, has its headquarters in Stockholm, Sweden, and is listed on NASDAQ OMX Stockholm. For more information, visit www.sca.com.

Published in South American News
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image002SCA has just published its Annual Report and Sustainability Report for 2015. The reports are available at www.sca.com.

Digital versions of the reports are available via the following links:

Annual Report:http://reports.sca.com/2015/annual-report

Sustainability Report: http://reports.sca.com/2015/sustainability-report

Distribution of printed versions of the reports to shareholders and other stakeholders will commence on March 30.

NB: SCA discloses the information provided herein pursuant to the Securities Markets Act. Submitted for publication on March 22, 2016, at 17:45 CET

For additional information please contact:
Johan Karlsson, Vice President Investor Relations, 46 8 788 51 30
Karl Stoltz, Media Relations Manager, 46 8 788 51 55

SCA is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. Sales are conducted in about 100 countries under many strong brands, including the leading global brands TENA and Tork, and regional brands, such as Libero, Libresse, Lotus, Nosotras, Saba, Tempo, Vinda and Zewa. As Europe’s largest private forest owner, SCA places considerable emphasis on sustainable forest management. The Group has about 44,000 employees. Sales in 2015 amounted to approximately SEK 115bn (EUR 12.3bn). SCA was founded in 1929, has its headquarters in Stockholm, Sweden, and is listed on NASDAQ OMX Stockholm. For more information, visit www.sca.com.

Published in European News
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For the first time ever an integrated automation solution will manage end-to-end production in the pulp industry — from the woodyard to the baling line — from a single control room

ABB, the leading power and automation technology group, will provide integrated solutions using ABB’s market-leading automation platform System 800xA and custom-engineered software for pulp processes. The solution includes engineering for the control system and optimization of all processes at SCA Östrand's expanded pulp mill in Timrå, Sweden opening in June 2018, as well as the design of the control room.

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Photo: SCA Östrand pulp mill

Traditionally, in a pulp mill, different operations such as woodyard, digester, recovery boiler etc., is controlled from separate control rooms. By integrating the management and control systems of the entire production process of the mill into a single control room the efficiency and productivity of all processes will be increased. The fully integrated control system will provide unparalleled connectivity and full plant overview of the whole process and all devices.

The control center where the control room will be situated, will be designed to apply the latest advances in ergonomics, design and layout to ensure the operator environment is attractive, efficient and conducive to cooperation between all employees at the mill, resulting in one of the best operator environments in the world. To this end, all operators will monitor and control the entire mill from eight Extended Operator Workplaces, fully integrated operator solutions that provide process control, access to the right information and unrivaled opportunities for personal intelligent ergonomics, in a single solution. To this end, all operators will monitor and control the entire mill from eight Extended Operator Workplaces, with a fully integrated control system that provide unparalleled connectivity and full plant overview of the whole process and all devices. The result is improved operations, engineering, control and maintenance through a collaborative environment.

This type of environment aims to create proactive control centers that will also attract a new generation of operators to the pulp and paper industry.

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Photo: ABB Extended Operator Workplaces

The order also includes a simulator for testing the control of all processes in the mill before delivery, and for operator training and process optimization over time. To ensure that the commissioning of the entire plant is as smooth as possible, five simulators will be used at the same time before and during start up.

“By utilizing our systems as an integrated platform for the entire plant, we can contribute to SCA Östrand's goal of creating the world's most modern and efficient softwood kraft pulp mill.” said Roger Bailey, Managing Director of ABB’s Process Industries business.

About ABB

ABB (http://www.abb.com) is a leader in power and automation technologies that enable utility, industry, and transport and infrastructure customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in roughly 100 countries and employs about 135,000 people. 

About SCA Östrand:
SCA invests MSEK 7 800 in  expanding the Östrand kraft pulp mill in Timrå, Sweden, into the world’s largest production line for bleached softwood kraft pulp. The expanded plant will have a capacity of 900 000 tons of softwood kraft pulp per annum and it will come on stream in June 2018.

SCA is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. Sales are conducted in about 100 countries under many strong brands. As Europe’s largest private forest owner, SCA places considerable emphasis on sustainable forest management. The Group has about 44,000 employees. Sales in 2015 amounted to approximately SEK 115bn (EUR 12.3bn). SCA was founded in 1929, has its headquarters in Stockholm, Sweden, and is listed on NASDAQ OMX Stockholm. For more information, visit http://www.sca.com

Published in European News
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The Nomination Committee of Svenska Cellulosa Aktiebolaget SCA proposes that the following Board members be re-elected: Pär Boman, Annemarie Gardshol, Magnus Groth, Bert Nordberg, Louise Julian Svanberg and Barbara Milian Thoralfsson. Leif Johansson has declined re-election. The Nomination Committee proposes that Ewa Björling, Maija-Liisa Friman and Johan Malmquist be elected as new Board members. The Nomination Committee also proposes that Pär Boman be re-elected as Chairman of the Board. Information about the Board members nominated for re-election is available on SCA’s website.

sca newlogoEwa Björling is a Med. Dr. Sci. and Associate Professor from the Karolinska Institute. She served as the Minister for Trade from 2007 to 2014 and Minister for Nordic Cooperation from 2010 to 2014. Ewa is a member of the Board of Biogaia AB and Mobilaris AB, and former Board member of the Swedish National Insurance Office and the Swedish International Development Cooperation Agency (SIDA).

Maija-Liisa Friman holds a MSc. Eng. and served as CEO of Aspocomp Group Plc from 2004 to 2007. Prior to that, she served as the President of Vattenfall Oy and Gyproc Oy. Maija-Liisa is the Vice Chairman of the Board of Neste Corporation and a Board member of Finnair, LKAB and Boardman Oy. She previously served as a Board member of TeliaSonera, Rautarukki, Metso, Ekokem and Talvivaara Mining Company Plc.

Johan Malmquist holds a MSc. Econ. and served as President and CEO of Getinge from 1997 to 2015. Johan is a Board member of Elekta AB (publ), Mölnlycke Health Care AB, the Dunker Foundations, Medvisor AB and the Chalmers University of Technology Foundation. He previously served as a Board member of Getinge AB and Capio AB.

The Nomination Committee’s other proposals will be announced in the notice convening SCA’s Annual General Meeting. The Nomination Committee comprises Helena Stjernholm (AB Industrivärden), Yngve Slyngstad (Norges Bank Investment Management), Håkan Sandberg (Handelsbanken Pensionsstiftelse and others), Hans Sterte (Skandia) and Pär Boman (Chairman of the Board of SCA). Helena Stjernholm is the Chairman of the Nomination Committee.

SCA’s Annual General Meeting will be held on Thursday, April 14, 2016, at 3:00 p.m. in Aula Magna, Stockholm University, Frescativägen 6, Stockholm.

NB: Svenska Cellulosa Aktiebolaget SCA (publ) discloses the information provided herein pursuant to the Securities Markets Act (SFS 2007:528). The information was submitted for publication on February 16, 2016, at 8:15 a.m. CET.

For further information, please contact:
Helena Stjernholm, Chairman of the SCA Nomination Committee, 46 8 666 64 00

SCA is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. Sales are conducted in about 100 countries under many strong brands, including the leading global brands TENA and Tork, and regional brands, such as Libero, Libresse, Lotus, Nosotras, Saba, Tempo, Vinda and Zewa. As Europe’s largest private forest owner, SCA places considerable emphasis on sustainable forest management. The Group has about 44,000 employees. Sales in 2015 amounted to approximately SEK 115bn (EUR 12.3bn). SCA was founded in 1929, has its headquarters in Stockholm, Sweden, and is listed on NASDAQ OMX Stockholm. For more information, visit www.sca.com.

Published in European News
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sca newlogoSCA (NASDAQ OMX Stockholm: SCA) a leading global hygiene and forest products company, has just announced that the shareholders of Wausau Paper Corp.  (NYSE: WPP), a North American Away-from-Home tissue company, have approved the acquisition by SCA. The transaction is scheduled to occur on Thursday, January 21, 2016 for total consideration of USD 513 million in cash.

“SCA is the world’s leading supplier of Away-from-Home tissue with the global brand Tork®. This acquisition is an excellent strategic fit and makes us a stronger supplier in North America. The acquisition will generate benefits for SCA and our customers,” said Magnus Groth, President and CEO, SCA.

Don Lewis, President, AfH Professional Hygiene, SCA, “On behalf of all SCA employees, I am excited to welcome Wausau Paper into the SCA family. The Wausau Paper product portfolio complements SCA’s offerings in North America, and the combined brands will provide customers with superior sales, service, innovation and logistics.”

"With the closing of this transaction, the Wausau team joins an organization that shares our vision and values," said Michael C. Burandt, Chairman and CEO of Wausau Paper. “We believe this provides an opportunity to capitalize on new resources and opportunities that will benefit our customers."

The transaction expands SCA’s North America footprint and production capacity, and the combined businesses will provide customers with a comprehensive portfolio of products. The acquisition is expected to generate annual synergies amounting to approximately USD 40 million with full effect three years after closing. Synergies are expected in sourcing, production, logistics, reduced imports, increased volumes of premium products and reduced SG&A costs. The restructuring costs are expected to amount to approximately USD 50 million.

NB: This information is such that SCA must disclose in accordance with the Swedish Securities Markets Act or the Financial Instruments Trading Act. Submitted for publication on January 20, 2016, at 23:00 CET.

About SCA
SCA is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. Sales are conducted in about 100 countries under many strong brands, including the leading global brands TENA and Tork, and regional brands, such as Libero, Libresse, Lotus, Nosotras, Saba, Tempo and Vinda. As Europe’s largest private forest owner, SCA places considerable emphasis on sustainable forest management. The Group has about 44,000 employees. Sales in 2014 amounted to approximately SEK 104bn (EUR 11.4bn). SCA was founded in 1929, has its headquarters in Stockholm, Sweden, and is listed on NASDAQ OMX Stockholm. More information at www.sca.com.

About Wausau Paper
Wausau Paper produces a complete line of Away-from-Home towel and tissue products that are marketed along with soap and dispensing system products under a number of brands including Artisan™, DublSoft®, DublNature®, EcoSoft®, and related custom brands. To learn more about Wausau Paper, visit www.wausaupaper.com 

Published in European News
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sca newlogoSCA’s divestment of its business in South East Asia, Taiwan and South Korea for integration with Vinda International Holdings Limited (“Vinda”)  has been approved by the independent shareholders of Vinda. The transaction is expected to close on February 1, 2016. SCA is the majority shareholder in Vinda, one of China’s largest hygiene companies.

Vinda is listed on the Hong Kong Stock Exchange and the transaction was subject to approval by the independent shareholders of Vinda.

As part of the transaction, SCA and Vinda have signed an agreement regarding the exclusive license to market and sell the SCA brands; TENA (incontinence products), Tork (Away-from-Home tissue), Tempo (consumer tissue), Libero (baby diapers), and Libresse (feminine care) in South East Asia, Taiwan and South Korea. With this agreement, Vinda will hold the rights to these product brands in these Asian markets. Vinda will acquire the brands Drypers, Dr.P, Sealer, Prokids, EQ Dry and Control Plus in these markets. SCA will continue to provide innovation and technical support for the business.

“Asia is an important growth market for SCA with a large population and low penetration of hygiene products. The approved transaction strengthens the collaboration between SCA and Vinda and enables us to further leverage on our strengths to build a leading Asian hygiene business” says Magnus Groth, President and CEO of SCA.

SCA has been a shareholder in Vinda since 2007, became its majority shareholder in late 2013, and has consolidated Vinda financials since the first quarter of 2014. In 2014, SCA divested its hygiene business in China (Mainland China, Hong Kong and Macau) for integration with Vinda.

SCA’s hygiene business in South East Asia, Taiwan and South Korea had net sales of approximately SEK 2.2 billion in 2014. The business has approximately 1,600 employees and three personal care production sites in Malaysia and Taiwan. The purchase consideration amounts to HKD 2.8 billion (approx. SEK 3.1 billion) on a debt-free basis.

As a consequence of this transaction SCA’s Shanghai office will stop to have operations. This is expected to lead to approximately SEK 90m in restructuring costs that will be recognized as an item affecting comparability in the fourth quarter of 2015.

SCA is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. Sales are conducted in about 100 countries under many strong brands, including the leading global brands TENA and Tork, and regional brands, such as Libero, Libresse, Lotus, Nosotras, Saba, Tempo and Vinda. As Europe’s largest private forest owner, SCA places considerable emphasis on sustainable forest management. The Group has about 44,000 employees. Sales in 2014 amounted to approximately SEK 104bn (EUR 11.4bn). SCA was founded in 1929, has its headquarters in Stockholm, Sweden, and is listed on NASDAQ OMX Stockholm. For more information, visit www.sca.com.

Published in Asian News
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valmet logoValmet has received a major order to deliver cooking, fiber line and evaporation plant to SCA's Östrand pulp mill located in Timrå, Sweden. This delivery is part of SCA's investment to upgrade the production of bleached softwood kraft pulp at the Östrand mill from today's capacity of 430,000 tons to 900,000 tons per year. The last start-up of the renewed pulp mill is scheduled for May 2018.

The order is included in Valmet's fourth quarter 2015 orders received. The value of the order is not disclosed.

In SCA's press release on December 2, 2015 SCA's project director Ingela Ekebro explained about the goals of the project: "The new pulp mill will have world class technology. We are going to produce pulp with top quality, while our environmental performance is the best achievable and we are going to do it with a cost efficiency that allows us to successfully compete with other pulp suppliers worldwide."

"This major agreement with SCA is a strong continuation of Valmet's and SCA's long term cooperation and an important achievement for our pulp technology business. The project has a significant employment impact to Valmet in Sweden, since a significant part of the equipment to be delivered in this project, will be engineered and produced in our Swedish units," says Bertel Karlstedt, President, Pulp and Energy Business Line, Valmet.

The estimated employment impact of the order is about 150 man years mainly in Sweden. A large part of the order will be delivered from Valmet's Swedish units: the cooking plant from Karlstad, fiber line from Sundsvall, and evaporation plant from Gothenburg.

Valmet has earlier delivered both pulp and tissue technology to SCA and has also extensive services contracts with SCA. The most recent delivery was the new Compact Cooking G2 for the SCA Obbola kraftliner mill. 

Details about Valmet's delivery

Valmet's delivery includes a Compact Cooking G2 together with a TwinRoll press based fiber line for both ECF and TCF pulp production at a capacity of 2,850 air dry tons per day (adt/d). The evaporation plant consist of 7 effects with a TUBEL superconcentrator for high dry solids and has a capacity of 1,150 tons of evaporated water per hour. The total package is optimized for superior water and energy efficiency.

Information about the customer SCA

SCA is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. The company's sales are conducted in about 100 countries under many strong brands, including the leading global brands. As Europe's largest private forest owner, SCA places considerable emphasis on sustainable forest management. The Group has about 44,000 employees. Sales in 2014 amounted to approximately SEK 104bn (EUR 11.4bn). SCA was founded in 1929, has its headquarters in Stockholm, Sweden, and is listed on NASDAQ OMX Stockholm

For further information, please contact:

Stefan Mattsson, Vice President, Fiber Processing Business Unit, Valmet, tel. +46 70 653 38 18

Bertel Karlstedt, President, Pulp and Energy, Valmet, tel. +358 10 676 3026

Valmet is the leading global developer and supplier of technologies, automation and services for the pulp, paper and energy industries. Valmet's vision is to become the global champion in serving its customers.

Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. The strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production. Valmet's advanced automation solutions range from single measurements to mill wide turnkey automation projects.

Valmet's net sales in 2014 were approximately EUR 2.5 billion. Our 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.

Published in European News
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sca newlogoSCA (NASDAQ OMX Stockholm: SCA), a leading global hygiene and forest products company, and Wausau Paper Corp. (“Wausau Paper”) (NYSE: WPP), a North American Away-from-Home tissue company, has announced early termination of the waiting period required under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with SCA’s agreement to acquire Wausau Paper for USD 10.25 per share or total consideration of USD 513 million (approximately SEK 4.2 billion) in cash.

As previously announced on October 13, 2015, the acquisition is a strategic fit for SCA and strengthens the company’s presence in North America. The Wausau Paper portfolio complements SCA’s offerings in North America and gives the company access to premium tissue production in the region. The combined operations will provide SCA and Wausau customers with access to a comprehensive portfolio of food service offerings and premium tissue and washroom products.

The transaction is expected to close during Q1 2016, subject to approval by the Wausau Paper shareholders and other customary closing conditions.

About SCA

SCA is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. Sales are conducted in about 100 countries under many strong brands, including the leading global brands TENA and Tork, and regional brands, such as Libero, Libresse, Lotus, Nosotras, Saba, Tempo and Vinda. As Europe’s largest private forest owner, SCA places considerable emphasis on sustainable forest management. The Group has about 44,000 employees. Sales in 2014 amounted to approximately SEK 104bn (EUR 11.4bn). SCA was founded in 1929, has its headquarters in Stockholm, Sweden, and is listed on NASDAQ OMX Stockholm. More information at www.sca.com.

About Wausau Paper

Wausau Paper produces a complete line of Away-from-Home towel and tissue products that are marketed along with soap and dispensing system products under a number of brands including Artisan™, DublNature®, DublSoft®, EcoSoft®, and related custom brands. Wausau Paper is listed on the NYSE under the symbol WPP. To learn more about Wausau Paper, visit www.wausaupaper.com 

Proposed Acquisition Risks and Uncertainties

  • SCA’s business and the business of Wausau Paper may not be integrated successfully or such integration may be more difficult, time-consuming or costly than expected;
  • Expected combination benefits from the proposed acquisition may not be fully-realized or realized within the expected time frame;
  • Wausau Paper’s shareholders may not approve the acquisition;
  • The regulatory approvals and any other required approvals in connection with the acquisition may not be obtained on the proposed terms or on the anticipated schedule;
  • evenues following the acquisition may be lower than expected; and
  • Operating costs, customer loss and business disruption, including difficulties in maintaining relationships with employees, customers, clients or suppliers, may be greater than expected following the acquisition.

New factors that could cause actual results to differ materially from those described in forward-looking statements emerge from time to time, and it is not possible to predict all such factors, or the extent to which any such factor or combination of factors may cause actual results to differ from those contained in any forward-looking statement. We assume no obligation to update publicly any such forward-looking statements, whether as a result of new information, future events, or otherwise.

Additional Information:

This communication may be deemed solicitation material in respect of the proposed acquisition of Wausau Paper by SCA. In connection with the proposed acquisition, Wausau Paper plans to file with the SEC and furnish to its shareholder a proxy statement and other relevant documents. Wausau Paper’s shareholders are urged to read the proxy statement when it becomes available and any other documents to be filed with the SEC in connection with the proposed acquisition or incorporated by reference in the proxy statement because they will contain important information about the proposed acquisition. Such proxy statement, when it becomes available, can be obtained for viewing, printing, and downloading from Wausau Paper’s website at www.wausaupaper.com. Other SEC filings containing information about each party to the proposed merger transaction can be obtained for viewing, printing, and downloading (without charge) at the SEC’s internet site (http://www.sec.gov). Wausau Paper will furnish to any of its shareholders (without charge) a copy of the proxy statement and the filings with the SEC that will be incorporated by reference therein, when the documents become available, upon written or oral request to the Secretary, Wausau Paper Corp., 100 Paper Place, Mosinee, WI 54455.

The directors and executive officers of each party may be deemed to be participants in the solicitation of proxies from Wausau Paper’s shareholders in respect of the proposed acquisition. Information regarding the directors and executive officers of Wausau Paper is currently available in its proxy statement for its 2015 annual meeting of shareholders filed with the SEC by Wausau Paper on April 10, 2015. Information regarding the directors and executive officers of SCA is currently available on its website at www.sca.com/en/About_SCA/Corporate_Governance/. Other information regarding the participants in such proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials that will be filed by Wausau Paper with the SEC when they become available.

Any information concerning Wausau Paper contained in this document has been taken from, or is based upon, publicly available information. Although we do not have any information that would indicate that the information contained in this document that has been taken from such documents is inaccurate or incomplete, we do not take any responsibility for the accuracy or completeness of such information.

Published in Financial News
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International technology Group ANDRITZ has received an order from SCA to supply production technologies and equipment for the extension of SCAʼs Östrand pulp mill in Timrå, Sweden. Start-up is scheduled for the second quarter of 2018. The order is expected to enter into force in the next few weeks.

2015 12 02 084714

The scope of supply, with a high manufacturing portion in Sweden, includes wood yard equipment designed for cold climates, with debarking drums and HHQ chippers; a pulp dryer with innovative, energy-saving technologies that substantially reduce the mill’s operating costs, including a boiler exhaust energy recovery system, fine screening, a twin wire dewatering system, sheet dryer, cutter, and two balling lines; a major upgrade of the white liquor plant with new recausticizing machinery and a capacity increase of the existing lime kiln; and extension of the recovery boiler, which was supplied by ANDRITZ in 2006.

The mill expansion is one of the largest industrial investments in Sweden and the largest ever in northern Sweden. SCA Östrand will double its annual production capacity from 430,000 to 900,000 tons and become the largest mill in the world for softwood kraft pulp. About half of the production volume will be used for SCA’s own manufacturing of publication papers and hygiene products, while the remainder will be sold to external tissue producers to meet the growing demand for softwood kraft pulp.

For further information, please contact:
Michael Buchbauer
Head of Corporate Communications
Phone: +43 (316) 6902 2979
f_to=This email address is being protected from spambots. You need JavaScript enabled to view it.&;g_cmsid=5222" title="Contact ANDRITZ about "ANDRITZ to supply equipment for SCAʼs Östrand pulp mill, Sweden"">This email address is being protected from spambots. You need JavaScript enabled to view it.

The ANDRITZ GROUP
ANDRITZ is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, the metalworking and steel industries, and for solid/liquid separation in the municipal and industrial sectors. The publicly listed technology Group is headquartered in Graz, Austria, and has a staff of almost 25,000 employees. ANDRITZ operates over 250 sites worldwide.

ANDRITZ PULP & PAPER
ANDRITZ PULP & PAPER is a leading global supplier of equipment, systems, and services for the production and processing of all types of pulps, paper, tissue, and cardboard. The technologies cover the processing of logs, annual fibers, and waste paper; the production of chemical pulp, mechanical pulp, and recycled fibers; the recovery and reuse of chemicals; the preparation of paper machine furnish; the production of paper, tissue, and board; the calendering and coating of paper; as well as treatment of reject materials and sludge. The service range includes modernization, rebuilds, spare and wear parts, service and maintenance, as well as machine transfer and second-hand equipment. Biomass, steam, and recovery boilers, as well as gasification plants for power generation, flue gas cleaning plants, production equipment for biofuel (second generation), biomass torrefaction equipment, plants for the production of nonwovens, dissolving pulp, plastic films, and panelboards (MDF), and recycling plants are also allocated to the business area.

Published in European News
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SCA intends to close down a newsprint machine at Ortviken paper mill in Sundsvall, Sweden, and recognize an impairment loss for the mill. Efficiency improvement measures will be implemented at the Obbola and Munksund kraftliner mills. The closure, impairment loss and efficiency improvement measures entail total costs of approximately SEK 1.4 billion and will result in annual cost savings of about SEK 180m, of which approximately SEK 120m in lower depreciation, with full impact in 2017.

Ortviken mill 570x400

The paper machine that is planned for closure at the end of 2015 has a capacity of 135,000 tons and is the smallest and oldest of the four paper machines at Ortviken paper mill.

“The global demand for publication paper has declined in recent years, particularly for newsprint, and we have weak profitability at Ortviken paper mill. By closing down our smallest and oldest paper machine, we will be able to focus on profitable orders for the more efficient paper machines. Ortviken remains one of the world’s largest publication paper mills and we have the prerequisites to become one of the most competitive. We have developed several new publication paper products, which in a short time have captured considerable market shares in a declining market. We are now focusing on producing and developing profitable publication paper products”, says Ulf Larsson, President, SCA Forest Products.

In conjunction with the closure of the paper machine, SCA intends to reduce staffing in production, transport and sales by approximately 95 positions. The efficiency improvement measures at the Obbola and Munksund kraftliner mills are intended to lead to staff reductions at the two mills by approximately 30 positions. Codetermination negotiations over the changes have been initiated.

The impairment loss amounts to approximately SEK 1.3 billion and will be recognized as an item affecting comparability in the third quarter of 2015. The restructuring costs amount to approximately SEK 90m and will be reported as an item affecting comparability in the fourth quarter of 2015.

NB: This information is such that SCA must disclose in accordance with the Securities Markets Act or the Financial Instruments Trading Act. The information was submitted for publication on October 29, 2015, at 07:45 a.m. CET.

For additional information please contact:
Linda Nyberg, VP Media Relations, 46 8 788 51 58
Johan Karlsson, VP Investor Relations, 46 8 788 51 30

SCA is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. Sales are conducted in about 100 countries under many strong brands, including the leading global brands TENA and Tork, and regional brands, such as Libero, Libresse, Lotus, Nosotras, Saba, Tempo and Vinda. As Europe’s largest private forest owner, SCA places considerable emphasis on sustainable forest management. The Group has about 44,000 employees. Sales in 2014 amounted to approximately SEK 104bn (EUR 11.4bn). SCA was founded in 1929, has its headquarters in Stockholm, Sweden, and is listed on NASDAQ OMX Stockholm. For more information, visit www.sca.com.

Published in European News
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