SCA to Close Tissue Production Plant in Sant Joan de Mediona, Spain
SCA's tissue production plant in Sant Joan de Mediona, Spain, has an annual capacity of 45,000 tons.
June 23, 2016 - SCA announced that it will close its tissue production plant in Sant Joan de Mediona, Spain. The decision is aligned with the company's strategy to optimize its geographic production footprint in order to drive cost and capital efficiency and further increase value creation in Tissue.
SCA said that it remains fully committed to the Spanish market, which is the Group's sixth largest market based on sales in 2015.
The production plant has an annual capacity of 45,000 tons. Production will be discontinued in July 2016.
The restructuring costs for the closure of the production plant are expected to amount to approximately SEK 230 million and will be recognized as an item affecting comparability in the second quarter of 2016. Of the restructuring costs, approximately SEK 140 million is expected to be recognized as an impairment loss.
SCA is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. To learn more, please visit: www.sca.com.
SOURCE: SCA (Svenska Cellulosa AB)