Against the backdrop of the prevailing economic and currency situation, SCA is
introducing a comprehensive program to enhance the efficiency of its forest
products operation. The program will generate annual earnings improvements of
SEK 1,300m with full effect from 2015.
Against the backdrop of the prevailing economic and currency situation, SCA is
introducing a comprehensive program to enhance the efficiency of its forest
products operation. The program will generate annual earnings improvements of
SEK 1,300m with full effect from 2015.
The total cost of the program is SEK 370m, of which SEK 250m is cash flow
impacting and SEK 120m comprises impairment losses. Of the total costs, SEK 175m
will be charged to profit for the fourth quarter and will be recognized as items
affecting comparability. The remaining SEK 195m will be charged to profit for
the first six months of 2013.
Actions include the previously announced closures of the sawmills in Vilhelmina
and Holmsund, and cutbacks at Ortviken paper mill, SCA Transforest’s terminals
in Sundsvall and Umeå, and at SCA’s R&D Center. About 200 positions are
affected, the majority of which have already been announced.
The program includes a structured plan to reduce fixed and variable costs,
income improvements by way of increased production and streamlining activities,
and a changed product and market mix. This will be achieved through improved raw
material yield at the sawmills, higher productivity in harvesting activities, an
increased share of value-added publication papers and a larger share of
container transportation.
NB:This information is such that SCA must disclose in accordance with the
Securities Markets Act and/or the Financial Instruments Trading Act. The
information was submitted for publication on December 19, 2012, at 08.00 CET.
SCA is a leading global hygiene and forest company that develops and produces
personal care products, tissue and forest products. Sales are conducted in some
100 countries. SCA has many well-known brands, including the global brands TENA
and Tork. Sales in 2011 amounted to SEK 106 billion (EUR 11.7 billion). SCA has
approximately 37,000 employees. More information at www.sca.com
Against the backdrop of the prevailing economic and currency situation, SCA isintroducing a comprehensive program to enhance the efficiency of its forestproducts operation. The program will generate annual earnings improvements ofSEK 1,300m with full effect from 2015.
Against the backdrop of the prevailing economic and currency situation, SCA isintroducing a comprehensive program to enhance the efficiency of its forestproducts operation. The program will generate annual earnings improvements ofSEK 1,300m with full effect from 2015.The total cost of the program is SEK 370m, of which SEK 250m is cash flowimpacting and SEK 120m comprises impairment losses. Of the total costs, SEK 175mwill be charged to profit for the fourth quarter and will be recognized as itemsaffecting comparability. The remaining SEK 195m will be charged to profit forthe first six months of 2013.
Actions include the previously announced closures of the sawmills in Vilhelminaand Holmsund, and cutbacks at Ortviken paper mill, SCA Transforest’s terminalsin Sundsvall and Umeå, and at SCA’s R&D Center. About 200 positions areaffected, the majority of which have already been announced.
The program includes a structured plan to reduce fixed and variable costs,income improvements by way of increased production and streamlining activities,and a changed product and market mix. This will be achieved through improved rawmaterial yield at the sawmills, higher productivity in harvesting activities, anincreased share of value-added publication papers and a larger share ofcontainer transportation.
NB:This information is such that SCA must disclose in accordance with theSecurities Markets Act and/or the Financial Instruments Trading Act. Theinformation was submitted for publication on December 19, 2012, at 08.00 CET.SCA is a leading global hygiene and forest company that develops and producespersonal care products, tissue and forest products. Sales are conducted in some100 countries. SCA has many well-known brands, including the global brands TENAand Tork. Sales in 2011 amounted to SEK 106 billion (EUR 11.7 billion). SCA hasapproximately 37,000 employees. More information at www.sca.com