SCA intends to invest in pulp production and initiates consultations to discontinue publication paper
SCA intends to invest to achieve an annual production volume of 300,000 tonnes of CTMP pulp at Ortviken, using the existing infrastructure. The investment is expected to give a positive EBITDA-effect of approximately
"Our pulp customers want us to grow with them in product segments such as packaging board and hygiene products, segments with healthy growth," says
Currently, SCA produces coated and uncoated publication paper on three paper machines at Ortviken paper mill with annual sales of approximately
The closure of publication paper manufacturing at Ortviken paper mill proposed by SCA will affect about 800 employees, primarily at Ortviken paper mill, but also in other parts of SCA's operations. The closure would result in non-recurrent costs with cashflow effects which are estimated not to exceed
"Through today's proposals, we intend to continue to develop a strong, sustainable and profitable industry based on our renewable forest raw materials", says
Negotiations under the Co-determination at Work Act (MBL) with trade unions will now begin regarding the plans to discontinue paper production at Ortviken paper mill, the investment in CTMP production at Ortviken and the impact on other SCA operations. In other jurisdictions affexcted employees and their representatives will be informed and consulted in line with the legal framework.
INVITATION TO PRESS CONFERENCE
The press conference can be followed via webcast or telephone. The President and CEO,
The press conference will be webcast live at www.sca.com. It is also possible to participate by telephone by calling:
US: +1 631 510 7495
State "SCA" or the conference ID: 1249139.
For further information, please contact
This is information that SCA is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on
The core of SCA's business is the forest,
We offer paper for packaging and print, pulp, wood products, renewable energy, services for forest owners and efficient transport solutions.
In 2019, the forest products company SCA had approximately 4,000 employees and sales amounted to approximately
SCA was founded in 1929 and has its headquarters in Sundsvall,
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Press release (PDF)