Ian Melin-Jones

Ian Melin-Jones

JSC "Yarpaper" selected Toscotec for a major rebuild of its paper machine at Yaroslavl mill, northeast of Moscow, Russia. PM1 has a wire sheet width of 2,830 mm, produces test liner and fluting in the range of 100 to 150 gsm, using 100% waste paper. 

Toscotec will supply the approach flow system, including screens, fan pumps, TT Headbox-H fitted with dilution control system and a newly designed Fourdrinier make up. The sheet path in the press section will be optimized, including the sheet transfer to the dryer section. 

Toscotec will supply a new complete dryer section, with 35 TT SteelDryers designed to operate at 10 barg, along with framing, canvas rolls, doctors, stabilization boxes, stretchers, guiding and tail threading system and the mechanical drives for the entire paper machine. 

The scope also includes the engineering, erection supervision, commissioning, start-up assistance and training.

(from right to left:) Mr. Sergey Dotsenko, Chairman of the Board of Directors of JSC (from right to left:) Mr. Sergey Dotsenko, Chairman of the Board of Directors of JSC "Yarpaper" and Mr. Alessandro Mennucci, CEO of Toscotec.

This major rebuilding project will modify the entire paper machine, including the approach flow system and sets ambitious targets of production increase and quality improvement, maintaining the same PM length, thereby reducing the impact on the existing building. 

Chairman of the Board of Directors of JSC "Yarpaper", Mr. Sergey Dotsenko, says, “This operation represents a strategic investment aimed to improve product quality, increase our production output and efficiency. As an FSC-certified manufacturer, we are focused on the sustainability of our operations. After the joint evaluation of the project, we selected Toscotec because of their understanding of our needs and development of the best technical solution in order to increase the process and drying efficiency of PM1. This is in step with boosting its capacity and expanding the product range from 90 to 160 gsm. The rebuild will be in line with our environmental standards.” 

Toscotec’s Head of Sales Application Gian Luca Fornesi says, “This is our first important paper & board project in Russia. Thanks to the support of Pulp & Paper Processes, Ltd., we are glad to enter the Russian market with such a recognised producer and such an extensive rebuild, which spans from the approach flow to the wet section of the paper machine, down to the dryer section. Most sections will be newly designed, or extensively rebuilt, to achieve a substantial production increase. During the project evaluation, we assessed a number of possible solutions for the customer and we are confident that our rebuild will eliminate the main bottlenecks of this production line.”

The delivery is scheduled for August 2020. 

About JSC “Yarpaper”

Established in 2003, JSC "Yarpaper" specializes in the production of paper and cardboard, using 100% recycled raw materials that are certified according to FSC requirements. In 2018, it recycled 62,000 tons of waste paper. It currently produces 55,000 t/y of fluting of 100 to 140 g/m² and test liner of 110 to 150 g/m². Its customer base includes the leading manufacturers of corrugated packaging in Russia.

For further information, please contact:

Enrico Fazio, Head of Sales, Toscotec Paper & Board division, This email address is being protected from spambots. You need JavaScript enabled to view it.

Gian Luca Fornesi, Head of Sales Application, Toscotec Paper & Board division, This email address is being protected from spambots. You need JavaScript enabled to view it.

Valmet invests in a new pilot facility at its Fiber Technology Center in Sundsvall to strengthen the company’s research and development capabilities related to bioenergy, biofuels and biochemicals. The new pilot facility will start up in October 2020.       

Valmet focuses in its R&D work on ensuring an advanced and competitive offering of its technologies and services, enhancing raw material and energy efficiency, and promoting the use of renewable raw materials. In addition to the company’s traditional focus on pulp, paper and energy technologies, Valmet is putting increasing efforts to develop new biorefining processes for the efficient use of various biomass-based raw materials.

Valmet has decided to invest in a new pilot facility at its Fiber Technology Center in Sundsvall.Valmet has decided to invest in a new pilot facility at its Fiber Technology Center in Sundsvall.

The new pilot facility in Sundsvall will further strengthen Valmet’s research and development capabilities in biomass conversion and enables pilot trials together with customers and partners.

A platform for future innovation

With the upcoming pilot facility in Sundsvall, Valmet can demonstrate state-of-the-art technology to customers and investors within the biorefinery business.

”Successful research and development work requires cooperation with customers and partners. This investment will strengthen Valmet’s continuing development within the biomass conversion field and our possibilities to contribute to the fossil fuel phase-out and decreased climate impact. The new pilot facility will be an important platform for future innovations,” says Mats Arnberg, Director, Biomass Conversion, Pulp and Energy business line, Valmet.  

The investment comprises new pilot equipment called BioTracTM, which uses Valmet DNA control system. The equipment can be modified for various processes and used with various raw materials. It could potentially be operated 24/7.

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

Valmet's net sales in 2018 were approximately EUR 3.3 billion. Our more than 13,000 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 Helsinki.

Read more www.valmet.com

Mondi is a global leader in packaging and paper, delighting its customers and consumers with innovative packaging and paper solutions that are sustainable by design. Mondi Corrugated Packaging designers have been recognised at the German Packaging Award 2019, which was held on the first day of the FachPack trade fair in Nuremburg, Germany, receiving an award in the ‘Logistics & Material Flow’ category. The ’DashV1Box - DashBoxes by Mondi: The universal fit for your Dashboard range’ solution, developed for an automotive manufacturer, was recognized above all for its significantly improved production and material flow, as well as a reduction in its CO2 footprint.

Supply chain complexity prompted a major German car producer to seek a universal solution to replace 35 packaging variants for over 2,000 different SKUs. The DashV1Box introduces a single standard packaging that has reduced processing costs by 31% and quality complaints by 80%. This sustainable solution uses 100% corrugated material. The unique ergonomics made it difficult to find a one-fit solution, but DashV1Box recognises that the ends of the dashboards are almost identical. Different component lengths are accommodated by variable fixation of the corrugated fittings. The result is a standardised and process-reliable packaging concept along the entire supply chain. At the same time, this optimised packaging also meets the expectations of all individual steps in the production process.

2019 09 26 093727

“We are particularly happy that the packaging has found a secondary use during handling in the workshop. The components can be removed from the folding box with the corrugated material inner sections and placed on the workshop floor – secure and clean and, above all, sustainable,” explains Jan-Willem Kleppers, Marketing and Sales Director of Mondi Corrugated Packaging. In addition, the DashV1Box packaging solution also contributes to the reduction of CO2 emissions. “We are especially proud to have designed an innovative and, above all, sustainable packaging solution together with our customer. It meets all the requirements of a standardised and process-reliable packaging concept along the entire supply chain, from parts supplier to the end customer,” says Georg Koller, Product and Project Management of the Mondi Corrugated plant in Ansbach.

During product development, the following aspects were able to be optimised and thus made more sustainable*:

  • Optimum balance between protection of packaged item and economic efficiency
  • Cost-optimised packaging with regard to handling and material
  • Quality enhancement and therefore reduction in number of complaints
  • Elimination of multi-material packaging
  • Suitability for all modes of transport (commercial road vehicles, rail, air and sea freight)

Jan-Willem Kleppers goes on to say: “Our customers are looking for opportunities for differentiation, they want to manufacture in a sustainable manner, and they also want to lower costs and become more efficient. Our new sheet packaging is an excellent example of this.” The reusability of materials, the reduction of excess material and the replacement of less sustainable materials with more sustainable corrugated material solutions were all made possible by this packaging solution. “We are also especially proud that our guiding principle ‘Sustainable by design’ is reflected in this packaging solution. It is very important to us to support each customer to help them reach their individual sustainability objectives, because packaging certainly plays a role in the solution here,” says Armand Schoonbrood, COO Mondi Corrugated Packaging - showing his pride in the award.

Mondi Corrugated Packaging focuses on developing individual and innovative packaging for each customer which meets all requirements. As a ‘Home of Innovation’, the company has an in-depth understanding of raw materials, processing steps, product design, local supply chains and recycling options, enabling it to help its customers in the selection of sustainable packaging solutions. Mondi has committed itself to contributing to a better world.

: *The optimisation is based on the realisation that the respective instrument panels (car parts) possess nearly identical external forms. Redesigned corrugated material holders enable the car parts to be bedded solely on these external areas. The complex and differing contours of the part base no longer have any interfering influence. The problem of different part lengths was resolved by the ability to adjust the two holder paddings to compensate the different lengths in the transport packaging.  The parts are secured to the corrugated material holders via two ’Velcro straps'. Using one folding box size and two corrugated material holders, it is now possible to package approx. 2000 automotive parts, including all colour and variant options. Thus we have achieved a major step forward for sustainability.

About the German Packaging Award**: The German Packaging Award is the most prestigious packaging performance competition in Europe. The award is held under the patronage of the Federal Ministry for Economic Affairs and Energy and has been awarding the best solutions and innovations in a number of categories since 1963. The Gold Award has been awarded in addition to the Packaging Award since 2016. The competition organizer is the German Packaging Institute (dvi) in Berlin. (Quelle:** https://www.packagingaward.de/dvp-profile.html)

About Mondi Corrugated Packaging

Mondi Corrugated Packaging is a leading supplier of corrugated packaging in Europe, with strong focus on Central and South-East Europe. In 2019 the business won seven WorldStar Awards for innovation, to add to five won in 2018, more than any other company worldwide. Through a network of 16 plants Mondi Corrugated Packaging provides innovative design and state-of-the-art printing and gluing technology. The packaging types range from standard transit cases and heavy duty containers to upscale consumer displays. They are applied as shelf- or retail-ready solutions, transport cases or large containers when shipping FMCG's, perishables, industrial and dangerous goods as well as other products.

About Mondi

Mondi is a global leader in packaging and paper, delighting its customers and consumers with innovative packaging and paper solutions that are sustainable by design. Our business is fully integrated across the packaging and paper value chain – from managing forests and producing pulp, paper and plastic films, to developing and manufacturing effective industrial and consumer packaging solutions. Sustainability is embedded in everything we do. In 2018, Mondi had revenues of €7.48 billion and underlying EBITDA of €1.76 billion.

Mondi has a premium listing on the London Stock Exchange (MNDI), and a secondary listing on the JSE Limited (MNP). Mondi is a FTSE 100 constituent, and has been included in the FTSE4Good Index Series since 2008 and the FTSE/JSE Responsible Investment Index Series since 2007.

Metsä Board, the leading European producer of premium fresh fibre paperboards and part of Metsä Group, is delighted to announce that five cartons produced using its quality paperboards were selected as winners at the 2019 European Carton Excellence Awards at a ceremony which took place on 19 September in Malta. Metsä Board’s paperboard was used for the ‘Carton of the Year’ produced by Printpark as well as for the winner of the General Packaging virgin fibre category converted by K+D. In addition, Metsä Board’s paperboard was also used for two Platinum Award winning cartons and for one Gold Award winning carton.

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“We are extremely excited that, once again, a wide selection of cartons using our paperboards have been selected as winners, including the prestigious ‘Carton of the Year’,” said Maarten Florizoone, Sales Director, Converters Team at Metsä Board. “As the focus is now to reduce the use of non-renewable materials and meet consumer needs for total safety and an improved user experience, we firmly believe that our fresh fibre paperboards are well positioned to meet these requirements for future packaging. When our paperboards are combined with cutting-edge carton design, as shown by the quality of the entries received for these awards, the benefits are universal. I would like to express my thanks and congratulations to the converters and designers of these excellent packages”

The winners using Metsä Board’s paperboards were:

Carton of the Year

GABRINI IN LOVE EDT
Carton Producer: Printpark
Brand Owner: Kadioglu Cosmetics
Paperboard: MetsäBoard Prime FBB Bright 355 g/m2

General Packaging, virgin fibre

CURODONT REPAIR FLUORIDE
Carton Producer: K + D
Brand Owner: Credentis
Paperboard: MetsäBoard Prime FBB 330 g/m2

Platinum Award for ‘Natural Elegance’

IK SKIN PERFECTION
Carton Producer:  Omaks Packaging
Brand Owner: Cosmetize
Paperboard: MetsäBoard Pro FBB Bright 295 g/m2

Platinum Award for ‘Healthy and Safe’

SONNENTOR MANUKA DROP
Carton Producer:  Mayr-Melnhof Packaging Austria
Brand Owner: Sonnentor
Paperboard: MetsäBoard Pro FBB Bright 270 g/m2

Gold Award for ‘The Better Solution’

MAWU
Carton Producer: A&R Carton Graz
Brand Owner: Hanfwerk
Paperboard: Metsä Board Pro FBB Bright 260g/m²

The European Carton Excellence Award is Europe’s most prestigious award for cartonboard packaging. Cartonboard is the perfect example of the circular economy being renewable, recyclable and biodegradable. It is also one of the best in communicating brand values, from luxury brands to everyday goods.

Metsä Board

www.metsaboard.com

Metsä Board is a leading European producer of premium fresh fibre paperboards including folding boxboards, food service boards and white kraftliners. Our lightweight paperboards are developed to provide better, safer and more sustainable solutions for consumer goods as well as retail-ready and food service applications. We work together with our customers on a global scale to innovate solutions for better consumer experiences with less environmental impact. The pure fresh fibres Metsä Board uses are a renewable resource, traceable to origin in sustainably managed northern forests.

The global sales network of Metsä Board supports customers worldwide, including brand owners, retailers, converters and merchants. In 2018, the company’s sales totalled EUR 1.9 billion, and it has approximately 2,400 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.

Metsä Group

www.metsagroup.com

Metsä Group is a forerunner in sustainable bioeconomy utilising renewable wood from sustainably managed northern forests. Metsä Group focuses on wood supply and forest services, wood products, pulp, fresh fibre paperboards and tissue and greaseproof papers. 

In 2018, Metsä Group’s sales totalled EUR 5.7 billion, and it employs approximately 9,300 people. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 103,000 Finnish forest owners.  

Thursday, 26 September 2019 08:40

ANDRITZ Brasil wins ABTCP 2019 awards

ANDRITZ Brasil Ltda., part of international technology Group ANDRITZ, has received the best manufacturer award in two categories of this year’s ABTCP “Best of of the Pulp & Paper Industry Award”:

  • Machines and equipment for pulp production (for the fifth consecutive year)
  • Equipment and systems for liquor recovery and energy generation (for the second consecutive year)

These awards, which are considered as the most important in the South American pulp and paper sector, are based on expert assessments as well as on votes by customers, suppliers and other stakeholders in the Brazilian pulp and paper industry.

premeio destaques 2019 data

Every year, ABTCP (Associação Brasileira Técnica de Celulose e Papel – the Brazilian Pulp and Paper Technical Association) honors companies that have contributed substantially to technological developments in the pulp and paper industry and thus to increasing productivity and competitiveness in this sector.

ANDRITZ Brasil has 400 employees located in Curitiba, Araucária, Belo Horizonte and Serra and is the ANDRITZ GROUP’s “South American hub”, with focus on pulp and paper technologies and services. Over the past ten years, ANDRITZ has obtained a leading position in the Brazilian pulp market due the continuous technological developments, improved workflows and a dedicated local organization that has enabled on-time deliveries and shown extraordinary performance in project execution. The ANDRITZ GROUP has around 2,850 employees in Brazil.

ANDRITZ GROUP

ANDRITZ is an international technology group providing plants, systems, equipment, and services for various industries. The company is one of the technology and global market leaders in the hydropower business, the pulp and paper industry, the metal working and steel industries, and in solid/liquid separation in the municipal and industrial segments. Other important fields of business are animal feed and biomass pelleting, as well as automation, where ANDRITZ offers a wide range of innovative products and services in the IIoT (Industrial Internet of Things) sector under the brand name of Metris. In addition, the company is active in power generation (steam boiler plants, biomass power plants, recovery boilers, and gasification plants) and environmental technology (flue gas and exhaust gas cleaning plants) and offers equipment for the production of nonwovens, dissolving pulp, and panelboard, as well as recycling plants.

ANDRITZ stands for passion, partnership, perspectives and versatility – core values to which the company is committed. The listed Group is headquartered in Graz, Austria. With almost 170 years of experience, approximately 29,600 employees, and more than 280 locations in over 40 countries worldwide, ANDRITZ is a reliable and competent partner and helps its customers to achieve their corporate and sustainability goals.

ANDRITZ PULP & PAPER

ANDRITZ Pulp & Paper is a leading global supplier of complete plants, systems, equipment, and comprehensive services for the production and processing of all types of pulp, paper, board, and tissue. The technologies cover processing of logs, annual fibers, and waste paper; production of chemical pulp, mechanical pulp, and recycled fibers; recovery and reuse of chemicals; preparation of paper machine furnish; production of paper, board, and tissue; sizing, calendering and coating of paper; as well as treatment of reject materials and sludge. The service offering includes system and machine modernization, rebuilds, spare and wear parts, on-site and workshop services, optimization of process performance, maintenance and automation solutions, as well as machine relocation and second-hand equipment. Biomass, steam and recovery boilers for power production, gasification and flue gas cleaning plants, systems and plants for the production of nonwovens and absorbent hygiene products, dissolving pulp, and panelboard (MDF), as well as recycling and shredding solutions for various waste materials also form a part of this business area.

New tissue machine installations in Italy. 

Toscotec has strengthened its leadership position in the Italian tissue market, based on new machine installations in the last five years. Since 2015, Toscotec has received five orders from Italian tissue producers for their paper mills located in Italy.

They include two complete tissue lines for Eurovast’s Cartiera della Basilica. One line replaced an older machine and has been in operations since 2015 at its Bagni di Lucca mill. The other line is been installed at Eurovast Botticino mill and is currently scheduled to start production in the last quarter of 2019. 

In 2017, a Toscotec-supplied tissue machine came online at a confidential paper mill in the South of Italy.

In November 2018, Lucart fired up an AHEAD-2.0S tissue line at its Porcari mill. 

2019 09 26 083241

This year, Toscotec received a major turnkey supply order from Cartiera Confalone S.p.A., who is scheduled to start up a new AHEAD 2.2 tissue line in 2020. The project includes the entire tissue making line from the pulper conveyor belts to two OPTIMA 2200 slitter rewinders.

Toscotec’s energy efficient technology has won over the Italian tissue market and raised the bar on performance and reliability, by introducing TT NextPress on Lucart’s AHEAD-2.0S machine, which represents the first shoe press ever installed in Italy.

Cooperation with Italy-based International Groups. 

Apart from new installations in Italy, Toscotec also cooperates with International groups headquartered in Italy on a number of projects outside of the Italian territory. In 2018, it started a close cooperation with the Sofidel Group on their new Oklahoma plant, for the turnkey supply of two AHEAD-2.0L tissue lines currently undergoing erection. In 2017, Toscotec rebuilt on a turnkey basis PM10 of Lucart Laval sur Vologne mill in France, by modifying the wire and felt sections and supplying a new TT SYD and the steam & condensate system. 

Foreign tissue manufacturers in Italy.

The strong partnership between Toscotec and the German Wepa Group also led to two important rebuilding projects in Italy, at Wepa Lucca and Wepa Cassino mills. The former involved the rebuild into crescent former of an old machine, followed by a speed-up upgrade. The latter was carried out in three steps, from the rebuild into crescent former in 2009 to the supply of a new TT Headbox and TT SYD and the rebuild of the stock preparation system in 2015.

The high degree of customization of Toscotec’s tissue plants represents an invaluable source of success on the Italian as well as international markets. In recent years, Toscotec has made significant investments to equip itself with the most advanced engineering tools and to support the high level of specialization of its technical department, in order to respond to the market increasingly greater request for tailor-made plants. 

The fact that tissue producers such as Eurovast, Lucart and others have repeatedly selected Toscotec for the supply of their new tissue lines and rebuilds is proof that its technology is recognized by the Italian tissue market as well established and highly reliable. Based on these results, Toscotec consolidated its position as market leader for the design and supply of tissue machinery in Italy.

Rottneros AB (publ) (“Rottneros”) has just announced that it is, through a written procedure, soliciting approval from holders of its notes (the “Noteholders”) with ISIN SE0010297804 (the “Notes”) to waive the distribution restriction in the terms & conditions of the Notes for the purpose of allowing a potential extra dividend payment of SEK 0.70 per share being approx. SEK 107 million in total to Rottneros’ shareholders.

2019 05 04 225725Rottneros has requested that Nordic Trustee & Agency AB (publ), acting in its capacity as agent (the “Agent”) for the Noteholders, initiates a written procedure in accordance with the terms and conditions of the Notes. The purpose of the written procedure is for the Noteholders to grant a waiver in respect of the distribution restrictions in the terms & conditions for the Notes to allow for a potential extra dividend payment of SEK 0.70 per share, being approx. SEK 107 million in total, to Rottneros’ shareholders (the “Request”). The background to the Request can be found in the Notice of Written Procedure and the presentation Supplement to Notice of Written Procedure, which are available on the websites of Rottneros and the Agent (www.rottneros.com, www.nordictrustee.com and www.stamdata.com).

To be eligible to vote in the written procedure, a Noteholder must be registered as a direct registered owner (Sw. direktregistrerad ägare) or as an authorised nominee (Sw. förvaltare) on 23 September 2019 in the debt register (Sw. skuldbok) for the Notes with respect to one or several Notes. The Agent must receive a duly completed voting form no later than 14.00 (CET) on 10 October 2019. The written procedure may be completed in advance if a sufficient quorum and majority of consents to the Request have been received before 10 October 2019.

Provided that the Request is approved by a sufficient quorum and majority and that the shareholders of Rottneros resolve at an extraordinary general meeting of Rottneros that an extra dividend payment to Rottneros’ shareholders shall be made, each Noteholder will obtain a base fee, which will be an amount equal to 0.1 per cent of the nominal amount of each Note held by the relevant Noteholder on 5 November 2019. This date may be brought forward if the written procedure is completed in advance.

Under the same conditions as above, each Noteholder voting in favor of the Request by submitting a valid voting form no later than by 14:00 (CET) on 1 October 2019 will also be eligible to receive an early bird fee in an amount equal to 0.2 per cent of the nominal amount of each Note voted for.

Rottneros expects to announce the result of the written procedure no later than 10 October 2019. Following such announcement, a notice of the outcome of the written procedure will be published on the websites of Rottneros and of the Agent.

Complete information about the written procedure, including how to vote, is set out in the notice to the written procedure, which is available on the websites of Rottneros and of the Agent.

For more information please contact: 
Monica Pasanen, CFO, Rottneros AB, + 46 70 581 40 19
This email address is being protected from spambots. You need JavaScript enabled to view it. 

Rottneros AB (publ) 
Box 144, 826 23 Söderhamn 
+46 (0)270 622 00 
www.rottneros.com 
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Rottneros is an independent producer of market pulp. The Group comprises the parent company Rottneros AB, listed on NASDAQ Stockholm, and its subsidiaries Rottneros Bruk AB and Vallviks Bruk AB with operations involving the production and sale of market pulp. The Group also includes Rottneros Packaging AB, which manufactures fibre trays, and the wood procurement company Rottneros Baltic SIA in Latvia. The Group has about 300 employees and had a turnover of approximately SEK 2.3 billion in the 2018 financial year.

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

Willamette Falls Paper Company, Inc., a subsidiary of Columbia Ventures Corporation in Vancouver, Washington, is pleased to announce that industry professionals, Mark Sterry, and Barbara Ness have joined the company as Regional Sales Managers.

Barbara Ness’ background includes over 25 years of extensive paper, printing and packaging experience with Georgia Pacific, Wausau, Graphic Packaging, and most recently with iVEX. Her previous roles in new business development, as well as technical service and sales, will bring a broad understanding of all aspects of paper and packaging uses. Ms. Ness will cover the Pacific Northwest region.

2019 09 19 105309Mark Sterry has worked in the printing and paper industry for over 30 years. He started his career in corporate print purchasing and worked on both the mill side with Repap, Stora Enso, New Page and Moorim, as well as on the merchant side with Unisource, Veritiv, and Pro-Con. He has held various positions as a regional sales manager and specialty sales manager. Mr. Sterry is located in Northern California and will cover the Southwest region.

“Barbara and Mark will bring a wealth of paper knowledge and valuable experience to our customers and help develop long-lasting partnerships,” states Brian Konen, President of Willamette Falls Paper Company. “We are excited to reintroduce a variety of products to market and look to Barbara and Mark to use their expertise to help find new opportunities and grow our market share in the West.”

COLUMBIA VENTURES CORPORATION (CVC) is a private equity diversified holding company. Notably, CVC is the majority owner of Northwest Straw Pulp, LLC which is in the final stages of constructing a first-of-its-kind pulp mill near Starbuck, Washington, to manufacture high-quality pulp fiber from wheat straw. At full production, it expects to annually produce 140,000 tons of pulp that will be able to directly substitute for hardwood pulp in terms of specifications and quality.

WILLAMETTE FALLS PAPER COMPANY, INC. is a newly formed company which owns and operates the paper mill in West Linn, Oregon. The company is a non-integrated mill, capable of making coated and uncoated grades with an annual capacity of 260,000 tons. Willamette Falls Paper Company is a leader in environmentally sustainable paper production.

For additional information, please email inquiries to:
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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