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Swedish paper firm bags Spain's Carpa

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11:43 CET+01:00
Swedish multinational Holmen Paper has snapped up 100 percent of Spain's Carpa, having previously held a 50 percent stake, Holmen said in a press statement made available to Spanish media on Thursday.

The Swedes, armed with "strong growth plans" in Spain, made the move to tie up ownership of the country's largest paper collection company as it seeks to bring on stream a Spanish site it said would be the biggest paper recovery plant in Europe, with annual capacity of 200,000 tons.

The Norrköping-based company already has a newsprint site with capacity of 300,000 tons annually just outside Madrid.

A sizeable player in the pulp and paper industry, Holmen's chief products are newsprint and magazine paper.

AFP

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