Each issue of PaperMoney is approximately 500 fact filled pages.
Logout
Click here for Pulp & Paper Radio International
Items just for you
New publication added! Advertising Arguments 2015 book
Free Downloads
Search
My Profile
Login
Management Side
Technical Side
SCA Increases Ownership in Chinese Tissue Company Vinda
Print
Stockholm, Sweden, 20 February 2008 -- Global consumer goods and paper company SCA today increased its ownership in the Hong Kong-based tissue company Vinda from 14% to 19% of the shares.

Vinda, one of the leading brands with modern assets,is among the three largest companies within the fast growing tissue market in China.

On 29 March 2007, SCA initially acquired 20% of the shares in Vinda. This shareholding was later diluted to 14% when Vinda was listed through an IPO on the Hong Kong stock exchange in July 2007.

“The Chinese tissue market has good growth rates and the Vinda brand is one of the most well known brands in the country. By increasing our stake in the company, we secure a strategic position that gives us a stronger foothold in the very important Chinese market, which is the second largest tissue market in the world,” said Jan Johansson, SCA president and CEO.


Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: