Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

SCA Sells Pratovecchio Paper Machine


Print article Print article
© Business Wire 2009
2009-11-11 11:16:04 -

Regulatory News.

SCA (STO:SCAA)(STO:SCAB) has reached an agreement to sell its Italian Pratovecchio facility and paper machine to Cartiera Carma. The transaction will not result in neither capital gain nor capital loss.

The agreement follows an announcement in March 2009 aimed at improving supply-chain operations in Italy. A concentration of resources to nearby Lucca was decided and implemented. At that stage, a closure of the Pratovecchio paper machine was discussed. However, SCA has instead reached an agreement to sell the property and paper machine to Cartiera Carma, a privately-owned company based in Italy.

The paper machine has a capacity of approximately 20,000 tonnes per year, and the 24 employees currently working in paper making will continue their employment. The transaction will become final

before the end of December 2009.

SCA is a global hygiene and paper company that develops and produces personal care products, tissue, packaging solutions, publication papers and solid-wood products. Sales are conducted in some 90 countries. SCA has many well-known brands, including the global brands Tena and Tork.
Sales in 2008 amounted to SEK 110 billion (EUR 11.5 billion). SCA has approximately 52,000 employees. More information at www.sca.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..

This information was brought to you by Cision www.cisionwire.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..

SCAJörgen Olsson, Press & Media Officer+46 8 788 51 29


Author:
Hossam Abdel-Kader
e-mail
Web: www.pr-inside.com/
Phone: +43 1 9582319

Disclaimer: (c) 2012 Business Wire. All of the news releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com | BidVertiser