Holmen part-owner in French recovered paper company

Holmen part-owner in French recovered paper company Holmen has acquired 38 per cent of Llau Redmat, a French recovered paper company. The purchase-sum is some EUR 3 million. The acquisition is strategic, as it reinforces the supply of raw material to Holmen's Spanish newsprint mill, Papelera Peninsular, where production is based exclusively on recovered paper. Holmen is already part-owner in recovered paper companies in Spain and Portugal. Llau Redmat has operations in southern France, which, together with the Iberian Peninsula, is the natural market for purchasing the recovered paper used by Papelera Peninsular. Papelera Peninsular was acquired by Holmen in 2000. The mill has a capacity of 170,000 tonnes a year and approximately 225 employees. For further information please contact Christer Lewell, Holmen's Group Public Relations Director. Tel. +46 8 666 21 15. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/05/21/20030521BIT00420/wkr0001.doc http://www.waymaker.net/bitonline/2003/05/21/20030521BIT00420/wkr0002.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 2019 Holmen’s net sales were approx. SEK 17 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.

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