Stora Enso will invest EUR 22 million (SEK 232 million) at Skoghall Mill in Sweden in an expansion of the existing water treatment plant. Increased capacity and new, modern technology will enhance the water treatment process at the mill. This will reduce the environmental impact of the operations and help to meet future environmental requirements. In the water used in the production of cartons, small particles of wood fibre remain. By expanding the plant, the separation of sludge is improved, which in turn improves the quality of the water that is returned to the near-by Lake Vänern. The sludge can also be used as biofuel. Click read more below for additional detail.
The Boards of Directors of Ahlstrom Corporation (“Ahlstrom”) and Munksjö Oyj (“Munksjö”) have today resolved to complete the merger of Ahlstrom into Munksjö in accordance with the merger plan. The combination of Ahlstrom and Munksjö creates a global leader in sustainable and innovative fiber-based solutions with a combined annual net sales of approximately EUR 2.2 billion, approximately 6,200 employees and 41 production and converting facilities in 14 countries. The registration of the execution of the merger is expected to take place on April 1, 2017.
The name of the combined company will change to Ahlstrom-Munksjö Oyj (“Ahlstrom-Munksjö”) upon the registration of the execution of the merger. A total of 45,376,992 new shares in Ahlstrom-Munksjö will be issued as merger consideration to Ahlstrom’s shareholders. The new shares are expected to be registered with the Finnish Trade Register on April 1, 2017. Trading in the new shares is expected to commence on the Nasdaq Helsinki and Nasdaq Stockholm stock exchanges on April 3, 2017. Following the merger, the trading codes for Ahlstrom-Munksjö’s shares will be AM1 on Nasdaq Helsinki and AM1S on Nasdaq Stockholm. Furthermore, the trading code on Nasdaq Helsinki for the EUR 100,000,000 senior unsecured callable fixed rate notes due 2019 will be AMJ041219.
Ahlstrom-Munksjö will publish its interim report for January-March 2017 on April 26, 2017 and pro forma financial information on the combined company on or about May 15, 2017. A stock exchange release on the unaudited final accounts of Ahlstrom for January-March 2017 will be published on April 26, 2017.