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APP Said to Be Eyeing Paper Mills in Finland

Jan. 19, 2010 - Asia Pulp and Paper reportedly is looking to establish itself in the Nordic region.

According to the Nordic Paper Journal (NPJ), APP is actively looking for paper mills for sale in Finland.

“APP previously had a sales office in Finland and it is known that the Group wants to enter the European market,” the NPJ said in an online news story.

NPJ said that sources in Finland with insight into APP have told it that the company wants to have manufacturing in Europe and is actively looking for acquisition candidates in Finland.

NPJ also noted that, “...APP was involved in the bidding when M-real sold its Graphic Paper business area, including the Kangas and Kirkniemi paper mills in Finland, Stockstadt in Germany and Biberist in Switzerland, to South African Sappi slightly more than a year ago.”

Asia Pulp & Paper is part of the Sinar Mas Group, one of the largest conglomerates in Indonesia.

SOURCE: The Nordic Paper Journal




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