SHARE
COPY LINK

PAPER

Swedish paper firm bags Spain’s Carpa

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

PAPER

Swedish paper group SCA ready to expand

Swedish paper group Svenska Cellulosa (SCA) said on Wednesday that it was geared to make acquisitions in emerging economies such as Latin America, Eastern Europe and Eurasia.

Swedish paper group SCA ready to expand
   
"We definitely have room to invest several billion kronor when the right opportunity arises and we're constantly looking," chief executive Jan Johansson told financial daily Dagens Industri.
   
"We are going to become even more important in the hygiene sector and are interested in acquisitions in, for example, Latin America, in certain regions of Eastern Europe and Eurasia, like Turkey."
   
The company is growing in the hygiene sector while its traditional products – print and packaging paper, paper pulp and energy – face difficulties.    
 
At the end of 2013, SCA became the majority shareholder of Chinese Vinda, the third largest tissue maker in the Asian country.
  
During the last two years, SCA has bought and sold companies worth a total of 37 billion kronor ($5.74 billion), Johansson said.
   
"It's really essential to be able to accelerate and brake at the same time," he added.
   
"Guaranteeing synergies after an acquisition and lowering the costs of our operations are also a determining key for success."
SHOW COMMENTS