Sodra to invest USD 300 million for 2012 - Papermart

Sodra to invest USD 300 million for 2012

Sodra’s executive committee has set an appropriation limit which will permit a number of offensive investments in 2012. The decision was taken at a meeting held on 7 December 2011. “In addition to earlier decisions concerning our participation in the development
of wind power in 2012, we have now decided on an appropriation limit of SEK 1,895 million,” said Group President Leif Broden.
“This will now permit a number of offensive investments to be made. We are intending to continue investing in product improvements, but first and foremost we now perceive opportunities for further investments in bioenergy. We are taking into account an investment in Lignoboost at Sodra Cell Morrum which will involve a potential investment in new biomaterials in future, as well as making the mill fossil
fuel-free. We are envisaging an investment in a new lime kiln
at Varo, and we envisage even more pellet production capacity.”
“Textile pulp offers major benefits in terms of quality, sustainability and ecology, and we believe we will see good growth in years to come. Production of textile pulp will be commencing at Sodra Cell Morrum in December this year.”