SCA, a leading global hygiene and forest products company that develops and produces sustainable personal care, tissue, and forest products, has announced that the company has decided to close its baby diaper business in Mexico, as part of SCA's commitment with addressing weak market positions and inadequate profitability in the business.
Mexico is the Group's eighth largest market, based on sales in 2015, and is highly prioritised by SCA. SCA holds leading market positions in feminine care, incontinence products, and tissue in the country. The total costs for the closure of the business are expected to amount to approximately SEK 170m and will be recognised as an item affecting comparability in the third quarter of 2016. Approximately SEK 20m of these costs are expected to impact cash flow. The baby diaper business in Mexico had net sales of approximately SEK 340m in 2015. (GK)
Fibre2Fashion News Desk – India
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