SCA: Market Developing In Line With Expectations
March 14 2012 - 8:42AM
Dow Jones News
Swedish hygiene and paper products manufacturer SCA AB
(SCA-B.SK) Wednesday said markets have developed largely in line
with its expectations in the first quarter.
"The hygiene market is developing well, while the newsprint
market is tougher, which we had expected," Chief Executive Jan
Johansson said at a press briefing to present the company's new
sustainability targets.
Johansson also said the processes to gain regulatory approval
for its acquisition of Georgia-Pacific's European tissue operations
and the divestment of packaging operations to U.K.-based DS Smith
PLC (SMDS.LN) are proceeding according to plans. The company
expects to get approval before summer, Johansson said.
In the case of the Georgia-Pacific acquisition, authorities may
ask for smaller corrections to grant approval, Johansson said, but
added that the company's view is that it shouldn't be
necessary.
-By Niclas Rolander, Dow Jones Newswires; +46-8-5451-3102;
niclas.rolander@dowjones.com
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