Södra to Liquidate Ownership
Stockholm, Sweden 21 February 2013 -- Södra 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.
Södra Cell's management has been given the task of creating a divestment plan for Södra's ownership of the mill. The mill in Tofte, Norway, was purchased by Södra 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.
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