Companies in the timber industry / Daily News / Pulp & Paper / Sawmilling / Wood Products / Europe / Global
November 30, 2017
SCA takes EUR 150 million loan from EIB for mill modernization
The European Investment Bank and Svenska Cellulosa Aktiebolaget (SCA) have signed a EUR 150 million loan agreement. The EIB financing will support renewable energy and energy efficiency measures in a pulp mill in Timrå, Sweden, the regeneration and replanting of 68,000 ha of forest – almost three times the area of Stockholm – and the construction of 4 250 km of forest roads. New, advanced process technologies will be installed at the pulp mill in Timrå, resulting in substantial energy efficiency gains. Additionally, the mill will be able to ...
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