Holmen to invest MSEK 200 in Iggesunds Bruk

To invest MSEK 200 in Iggesunds Bruk Holmen's Board today approved funds for an investment in the chemicals recovery unit at the paperboard mill in Iggesund. The total cost of the investment project amounts to some MSEK 200. The project, which is expected to be completed in 2004, is intended to reduce energy consumption and to improve efficiency. Iggesunds Bruk produces paperboard for packaging and graphic purposes. The mill in Iggesund is the largest unit within the Iggesund Paperboard business area with an annual production capacity of 300,000 tonnes. Iggesunds Bruk has some 800 employees. For further information, please contact Björn Kvick, President of Iggesund Paperboard. Telephone: +46 70 673 16 40. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/12/12/20011212BIT01380/bit0002.doc http://www.waymaker.net/bitonline/2001/12/12/20011212BIT01380/bit0002.pdf

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Holmen’s business concept is to own and add value to the forest. The forest holdings form the basis of the business – an ecocycle in which the raw material grows and is refined into everything from wood for climate-smart building to renewable packaging, magazines and books. The forest is managed to provide a good annual return and stable value growth while our production operations are run with a focus on profitability and greater value added. In 2017 Holmen’s net sales were just over SEK 16 billion and the group has approx. 3 000 employees. Holmen’s shares are listed on Nasdaq Stockholm, Large Cap. For more information, visit holmen.com.