SCA increases China share

Swedish paper and packaging company, SCA AB, said it has purchased the remaining 7.5 percent of shares in SCA Packaging Asia (formerly Central Package Group) for about 45 million Swedish kronor.

The acquisition means that SCA now owns 100 percent of the Asian operation.

The seller is the chemicals company Sekisui.

SCA’s chief executive Jan Aström said: “Investments in recent years, including investment in a totally new packaging plant in Suzhou, are important steps in a strategy designed to increase growth in the Chinese market”.