23.02.2017 17:11:00
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SCA Invests to Further Strengthen Tissue Operations in Mexico and Baby Diaper Operations in Europe
STOCKHOLM, Feb. 23, 2017 /PRNewswire/ -- To further strengthen competitiveness and enable future growth in the tissue operations in Mexico, SCA has decided to invest about USD 105m (approx. SEK 950m) in one of the company's facilities in the country. To strengthen its baby diaper product offering in Europe, SCA has also decided to invest about EUR 40m (approx. SEK 380m) in facilities in Europe.
The investment in Mexico will support SCA's high-quality tissue offering under the Regio brand.The investment is aligned with the company's strategy to streamline production and secure capacity for future growth in order to increase value creation in the Tissue business area.
CONTACT:
For additional information please contact:
Johan Karlsson, Vice President Investor Relations, 46 (0)8 788 51 30
Karl Stoltz, Media Relations Manager, 46 (0)8 788 51 55
This information was brought to you by Cision http://news.cision.com
http://news.cision.com/sca/r/sca-invests-to-further-strengthen-tissue-operations-in-mexico-and-baby-diaper-operations-in-europe,c2198550
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SOURCE SCA
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