As part of SCA’s ongoing cost-savings program related to the acquisition of
Georgia-Pacific’s European tissue operations, SCA will close the tissue
production plant in Saint-Cyr-en-Val, France.
The production plant has an annual capacity of 35,000 tons. Production will be
discontinued in October 2015.
The restructuring costs for the closure of the production plant are expected to
amount to approximately SEK 480m, of which about SEK 380m will be recognized as
an item affecting comparability in the third quarter of 2015. The remaining SEK
100m will be recognized as an item affecting comparability in 2016. Of the
restructuring costs, approximately SEK 260m is expected to affect cash flow.
Total cost savings related to the acquisition of Georgia-Pacific’s European
tissue operations are expected to amount to EUR 125m upon full effect in 2016.
Cost savings corresponding to approximately EUR 95m on an annualized basis had
been achieved in the second quarter of 2015.
The cost-savings program related to the acquisition of Georgia-Pacific’s
European tissue operations is one of three efficiency programs launched by SCA
in 2012. The other two programs have been concluded.
NB: This information is such that SCA must disclose in accordance with the
Securities Markets Act or the Financial Instruments Trading Act. Submitted for
publication on August 19, 2015, at 19:00 CET.
SCA is a leading global hygiene and forest products company. The Group develops
and produces sustainable personal care, tissue and forest products. Sales are
conducted in about 100 countries under many strong brands, including the leading
global brands TENA and Tork, and regional brands, such as Libero, Libresse,
Lotus, Nosotras, Saba, Tempo and Vinda. As Europe’s largest private forest
owner, SCA places considerable emphasis on sustainable forest management. The
Group has about 44,000 employees. Sales in 2014 amounted to approximately SEK
104bn (EUR 11.4bn). SCA was founded in 1929, has its headquarters in Stockholm,
Sweden, and is listed on NASDAQ OMX Stockholm. For more information, visit