Divestment of PM2 in Gävle completed
BillerudKorsnäs said that it has completed the sale of a paper machine, PM2 at the its Gävle pulp and paper mill in Sweden, to SwedPaper AB after the deal was approved by regulators.
The machine produces kraft and sack paper.
Following the sale of PM2, BillerudKorsnäs will supply input items such as pulp, steam and water to SwedPaper. In addition, BillerudKorsnäs will sell a maximum of 66,000 tons per year of pulp to SwedPaper.
Other operations at Gävle will not be affected by the sale and will remain unchanged in BillerudKorsnäs' ownership, the company said.