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2016-12-12

BillerudKorsnäs: BillerudKorsnäs makes strategic investment in Gruvön

The board of BillerudKorsnäs has today made the decision to carry out
the largest investment in the history of the company and one of the
largest in Sweden in recent years - the investment in a new board
machine at the Gruvön site. The decision has been made in view of
growing demand for sustainable packaging solutions for food and
beverages globally.

The investment of SEK 5.7 billion includes the construction of a new
board machine at the Gruvön production site and rebuilds in the
existing pulp mill. The board machine will have an annual capacity of
550,000 tonnes of board, making it one of the largest of its kind in
the world. The machine will produce liquid packaging board,
cartonboard, food service board and liner. The investment project
will start immediately and production is expected to start in the
first quarter of 2019.

"This is a historical decision for BillerudKorsnäs. The stable market
growth in liquid packaging board and other cartonboards, together
with our unique expertise in this area, mean that we are perfectly
positioned to satisfy global demand. Access to renewable raw
materials from sustainably managed forests in the Nordic region was a
key factor when evaluating different alternatives," says Per
Lindberg, President and CEO of BillerudKorsnäs.

Smart packaging solutions can reduce dependence on fossil fuels,
reduce climate impact and littering, and also increase food safety.
Demand for sustainable solutions is growing around the world as
increasing numbers of brand owners, food retailers and consumers make
conscious choices. As current capacity at BillerudKorsnäs' production
units is not sufficient to meet future demand, the opportunity of new
board production at Gruvön has been investigated in detail since
2015.

In addition to growth in liquid packaging board and other
cartonboards, today's decision will result in a streamlining of the
production structure within the company. Current paper production at
Gruvön will gradually be transferred to other plants within the
company during ramp up of the new board machine, with the aim of
offering customers fully satisfactory alternatives. Gruvön's
production of high quality fluting will not be affected by the
investment.

In connection with this investment decision, BillerudKorsnäs will hold
a teleconference for analysts and investors today at 5 p.m. CET. The
telephone number for the conference is +46 (0)8-506 395 48, code
36462719#. The conference can also be attended online at
http://edge.media-server.com/m/p/7asfo23h

A press conference will be held at BillerudKorsnäs Gruvön, Grums,
Sweden, on 13 December at 10.30 a.m. CET. Please register at
reception upon arrival.

For further information, please contact:
Per Lindberg, President and CEO, +46 (0)8-553 335 01
Henrik Essén, SVP Communication and Sustainability, +46 (0)8-553 335
00

This information is information that BillerudKorsnäs AB is obliged to
publish in accordance with the EU Market Abuse Regulation. The
information was provided by the above contact person, for publication
on 12 November 2016 at 3.15 p.m. CET

BillerudKorsnäs provides packaging materials and solutions that
challenge conventional packaging for a sustainable future. We are a
world-leading provider of primary fibre based packaging materials and
have customers in over 100 countries. The company has 7 production
sites in Sweden, Finland and the UK and about 4 200 employees in over
13 countries. BillerudKorsnäs has an annual turnover of about SEK 22
billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

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http://news.cision.com/billerudkorsnas/r/billerudkorsnas-makes-strategic...
http://mb.cision.com/Main/66/2146642/602725.pdf

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