AssiDomän invests MEUR 14 in French corrugated operation

AssiDomän invests MEUR 14 in French corrugated operation The board of directors of AssiDomän AB has decided to invest MEUR 14 in two of the Group's corrugated board plants in France. The investment includes converting machines and printing equipment for the plants in Etampes and Melun. Etampes and Melun are both situated in the Paris region, which accounts for 30% of France's total demand for corrugated packaging. After these investments, the plant in Etampes will focus on special products such as mini- and microflute packaging with high-class print, while Melun will gain improved capacity to produce packaging in long runs. "Through the investments in Etampes and Melun, we are creating two modern corrugated board plants with high productivity able to meet the needs of both local and pan-European customers," says Jean-Marie Louette, President of AssiDomän's corrugated operation in France. The investments are expected to be completed by the autumn of 2001. AssiDomän's total corrugated board operation in France comprises four corrugated board plants, three sheet plants and one offset print plant. The number of employees is 750. AssiDomän AB Corporate Communications June 22, 2000 For further information, please contact: Jean-Marie Louette, President, AssiDomän Corrugated France, tel +33 1 55 70 21 69 Berit Hallberg, Senior Vice President, Corporate Communications, AssiDomän AB, tel +46 8 655 91 06 AssiDomän is one of Europe's leading forest products companies. Production is concentrated on sawn timber, packaging paper and packaging. The Group had a turnover of approximately SEK 24.5 billion in 1999 and has 17,000 employees. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/06/22/20000622BIT00820/bit0001.doc http://www.bit.se/bitonline/2000/06/22/20000622BIT00820/bit0002.pdf

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Sveaskog is Sweden's largest forest owner and sells timber, pulpwood and biofuel. In addition, Sveaskog makes land transactions and develops the forest as a place for hunting, fishing and other nature experiences. The forest with its assets is Sveaskog's core business and sustainable development permeates everything that is done. Sales in 2018 were SEK 7 billion and the number of employees was approximately 846. Read more at www.sveaskog.com

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