Sylvamo Acquires Nymölla Mill

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by KnowESG

The world's largest paper company, Sylvamo, signed a deal Monday to buy the uncoated freesheet paper mill in Nymolla, Sweden, from Stora Enso for 150 million euros. The mill, the strong brands it produces, and the team members who operate and support the facility are now officially part of Sylvamo.

"The Nymolla mill strengthens our uncoated freesheet product mix and makes it easier for us to serve customers in Europe and around the world," said Chairman and CEO Jean-Michel Ribiéras. “We’d like to welcome our new team members to the world’s paper company.”

The integrated mill has two lines for making pulp and two paper machines that can make about 500,000 short tonnes of uncoated freesheet. The mill produces several brands, including Multicopy, and paper used for office printing, business forms, digital printing, offset for printing books and much more.

“I’d like to welcome Sylvamo to Skåne Iän as the mill becomes a part of the world’s paper company. We look forward to a long-lasting and prosperous relationship for years to come,” said Michael Lindemann, manager, Nymölla Mill.

The Nymolla mill has a great effect on the environment, which fits with Sylvamo's goal of making paper in the most responsible and environmentally friendly way possible. The low-cost mill generates 85% of its energy needs from carbon-neutral, renewable biomass residuals.

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Source: Business Wire