Holmen (SE) - Holmen part-owner in French recovered paper company

Published: 11:57 21.05.2003 GMT+2 /HUGIN /Source: Holmen /SSE: HOLM 

/ISIN: SE0000109290
 

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.
 

Holmen AB (publ)

Group Public Relations

P.O. Box 5407

SE-114 84

Stockholm

Sweden

Tel: +46 8 - 666 21 00

Direct: +46 8 - 666 21 15

Fax: +46 8 - 666 21 30

E-mail: info@holmen.com

www.holmen.com
 
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