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SCA Increases Ownership in Chinese Tissue Company Vinda
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Stockholm, Sweden, 10 April 2012 -- SCA has decided to acquire an additional 5% of the shares in the leading Chinese tissue company Vinda. The purchase price is around SEK 600 million.

The seller in the transaction is Fu An, a company majority owned by the chairman of Vinda. SCA’s share in Vinda after the transaction will be 22.6%.

Vinda is one of the most successful tissue producers in China, the second largest tissue market in the world. Currently, Vinda commands strong brand recognition in the country; it is the third largest player in the China household paper industry in terms of market share and production capacity. The company has eight production facilities, with a total production capacity of 470,000 tons, and intends to increase that capacity  to 1 million tons in the coming years.

“The market for tissue products in China continues to grow well and continues to consolidate with the larger players, like Vinda, growing at a significantly faster speed than the market. We intend to be among the leading players in China, and we have for this reason taken the decision to increase our ownership in Vinda,” said Jan Johansson, SCA’s president and CEO.

The transaction is subject to receiving consent from some of Vinda’s lending banks. Vinda is listed on the Hong Kong Stock Exchange.



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