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SCA to invest in tissue & baby diaper operations

24 Feb '17

1 min read

Courtesy: SCA

SCA, a leading global hygiene and forest products company, has decided to invest in its tissue and baby diaper operations in Mexico and Europe respectively. This will enable the company to further strengthen its competitiveness and enable future growth in the tissue operations in Mexico, while strengthening its baby diaper product offering in Europe.

In Mexico, SCA will invest $105 million (approx. SEK 950 million) in one of the company's facilities in the country. This 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.

In addition, SCA will invest about €40 million (approx. SEK 380 million) in its European facilities.

The SCA Group develops and produces sustainable personal care, tissue and forest products. Sales are conducted in about 100 countries under many strong brands. As Europe's largest private forest owner, SCA places considerable emphasis on sustainable forest management. The Group has about 44,000 employees. Sales in 2015 amounted to approximately SEK 115 billion (€12.3 billion). (RKS)

Fibre2Fashion News Desk – India