Holmen to merge paper and paperboard business units

Holmen is set to merge its paperboard and paper business units into a new unit, Holmen Board & Paper. The company said that the decision is part of a continuing development of it’s business.

“Holmen has developed positively by creating added value from the forest and land we own. By focusing our business model on four distinct business lines – forestry, hydro and wind power, woodworking industry and process industry operations – we are strengthening our strategic ability,” says Henrik Sjölund, President and CEO.

Over the years, Holmen has been successful in developing both paper and paperboard products based on fresh wood raw material and a largely fossil-free production process. Currently, a paper machine is being rebuilt in order to strengthen the book paper business, while a new product for transport packaging is also being introduced.

“By bringing our process industry expertise together in one business area, we are increasing our ability to develop our business in everything from consumer paperboard to transport packaging, books and magazines,” continues Sjölund.

The process of integrating the current business areas will begin immediately. Lars Lundin, presently head of the Holmen Paper business area, will manage Holmen Board & Paper’s operations. Johan Nellbeck, who is presently head of the Holmen Iggesund Paperboard business area, will leave Holmen once when the business combination has been fulfilled.

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