SCA increases its ownership in Productos Familia, Colombia
SCA increases its ownership in Productos Familia, Colombia SCA has increased the ownership in the Colombian tissue company Productos Familia to 50%, up from earlier 20%. The price for the 30 percent stake amounts to around USD 40 million. Sales of Productos Familia amounts to around USD 100 million with a capacity of 34,000 tons of tissue in Colombia and 11,000 tons in Ecuador through the subsidiary Tecnopapel. The market share in Colombia is 33% and in Ecuador 41%. SCA is also engaged in a 50/50 joint venture in the fluff segment with Productos Familia's owners. Stockholm, 23 December 1998 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ) Corporate Communications For further information please contact: Sten Lindholm, Senior Vice President, Corporate Communications. Phone +46-8- 788 51 62. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1998/12/23/19981223BIT00050/bit0001.doc http://www.bit.se/bitonline/1998/12/23/19981223BIT00050/bit0002.pdf