In 2008, SCA divested its conventional corrugated manufacturing business in the UK and Ireland to the Spanish company SAICA.
The purchase price received amounted to SEK 1,145m, following deductions for divestment costs. SCA will retain ownership of and continue to develop the specialised value-added packaging operations in the UK and Ireland, which demonstrate favourable profitability and strengthen SCA’s overriding strategy, focusing on higher value added.
During the year, SCA also announced its intention to close the testliner mill in New Hythe, in the UK, by mid-2010.
To press release...