Sweden, Feb 20, 2013 - SÃ¶dra has decided to divest the Tofte chemical pulp mill in Norway. This decision has been made as a result of longstanding difficulties with unsatisfactory profitability at the mill. A process has begun to sell the mill.
SÃ¶dra Cellâ€™s management has been given the task of creating a divestment plan for SÃ¶draâ€™s ownership of the mill.
â€œWe have been attempting for some time now to make SÃ¶dra Cell Tofte profitable. The commitment and expertise of the staff have kept quality and productivity at a high level, and they have fought valiantly to keep production costs low. Despite everything weâ€™ve done, we are now forced to conclude that we have failed to reverse the trend,â€ said Gunilla Saltin, Acting CEO of SÃ¶dra and President of SÃ¶dra Cell.
The aim is for SÃ¶dra to end its involvement in the mill during the second quarter of this year.
Facts: SÃ¶dra Cell Tofte
The mill in Tofte, Norway, was purchased by SÃ¶dra in 2000. Its timber consumption is approximately 2 million m3 per year. Production capacity amounts to 400,000 tonnes of chemical paper pulp. The factory employs 300 staff.
For further information, please contact:
Gunilla Saltin, President of SÃ¶dra Cell and Acting CEO, SÃ¶dra
tel. +46 470 855 91
Magnus Berg, Director of Communications, SÃ¶dra
tel. +46 70 52 894 83
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