Swedish paper group SCA ready to expand
AFP/The Local - [email protected]
Published: 15 Jan, 2014 CET.
Updated: Wed 15 Jan 2014 12:57 CET
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.
"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."
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"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."
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