AssiDomän to establish corrugated board plant in Russia

AssiDomän to establish corrugated board plant in Russia AssiDomän has decided to invest 100 million Swedish kronor in a new corrugated board plant in the St Petersburg region. The production will start during the second half of 1997. The new plant, which will have an annual production capacity of 60 million m², will be located in Vsevolozhsk, about 20 kilometers north of St Petersburg. In the initial stage the unit will have nearly 100 employees. "In this region, with six million people, the market for corrugated board is growing fast, and thus very interesting to us", says AssiDomän´s CEO, Lennart Ahlgren. "Establishing our business in St Petersburg is also part of our strategy to serve our Pan-European customers through a network of corrugated board plants", explains Ulf Kilander, President of AssiDomän Packaging, to which the new unit belongs. AssiDomän Packaging is since earlier present in East Europe. In 1995 a sheet plant was established in Vilnius, Lithuania. "Presently we are also investigating the possibilities to establish a plant in the Czech Republic. Focus is in the Prague area", Ulf Kilander explains. Today AssiDomän owns 39 per cent of the shares in the Czech pulp and paper company Sepap a.s., with which it has started an industrial co-operation. Among Sepap´s products are corrugated case materials. In total AssiDomän Packaging has some 50 production units in nine European countries. AssiDomän Packaging is one of Europe´s leading producers of corrugated board and kraft liner. In 1995 the turnover was 8,700 million kronor and the number of employees amounted to 5,800. AssiDomän AB Group Staff Information March 14, 1996 For further information, please contact: Ulf Kilander, President, AssiDomän Packaging AB, phone +46 - 8 728 08 00. ------------------------------------------------------------ Mer information finns att få på http://www.bit.se Följande filer finns att ladda ned: http://www.bit.se/bitonline/1996/03/14/19990329BIT00110/bit0001.doc http://www.bit.se/bitonline/1996/03/14/19990329BIT00110/bit0002.pdf

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