SOLNA, Sweden--(BUSINESS WIRE)--Regulatory News:
BillerudKorsnäs´ (STO:BILL) Board of Directors has authorized an investment of over 450 MSEK for environmental improvements at the production unit in Gävle.
The investment includes a new sedimentation basin, developments in the pulp mill and a large number of related water-saving measures. This will be implemented in 2014 and 2015 and will be completed by the beginning of 2016.
- This is an important environmental investment for Gävle completely in line with the vision that our products shall have a minimal environmental impact and the best possible function in order to contribute to a sustainable future, says Christer Simrén, COO at BillerudKorsnäs
In addition to the environmental benefits, improved water quality and reduced use of electricity, the quality of the products will increase. This investment follows on the energy-related investments made in 2012 which greatly improved the production unit's sustainability performance in terms of energy efficiency and reduction of fossil fuel use.
The information is such that BillerudKorsnäs Aktiebolag (publ) is obligated to publish under the Swedish Securities Market Act. Submitted for publication at 08.00 CET, 11th June 2014.
BillerudKorsnäs – Packaging manufacturers and brand owners are offered added value in the form of brand-strengthening, productivity-boosting and environment-enhancing packaging solutions. BillerudKorsnäs has a world-leading market position within primary fibre-based packaging paper. The company has annual sales of around SEK 20 billion and is listed on NASDAQ OMX Stockholm. www.billerudkorsnas.com
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