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1996

 

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STORA divests shares in SAS Sverige

12/20/1996 6:00 AM EST  -   STORA
As a step in streamlining the Group's operations, STORA has divested its entire shareholding in SAS Sverige AB. This is also in concurrence with the desire of SAS's major shareholders to increase share liquidity through a broadening of ownership. Proceeds from the sale amounted to SEK 231 million.

AssiDomän Joins the FSC

12/19/1996 6:00 AM EST  -   Sveaskog
AssiDomän is the first major forest products company in the world to become a
member of the FSC - the Forest Stewardship Council. The FSC is an independent
international organisation whose purpose is to encourage environmentally
adapted, socially responsible and financially robust management of the world's
forests. FSC members are environmental organisations, including the WWF and
the...

Bure sells its shareholding in Västsvenska Bygge och Bostad

12/17/1996 6:00 AM EST  -   BURE
- continued concentration of investement operations

Investment AB Bure has sold its 44 per cent holding in Västsvenska Bygge och
Bostad Intressenter AB (VBI). Buyer is the management of VBI. The sale means a
further step in the concentration of Bure´s investment operations. Following
the divestment, VBI is owned by its management and by Förvaltnings AB
Framtiden.

During the...

AssiDomän builds corrugated packaging plant in the Czech Republic

12/11/1996 6:00 AM EST  -   Sveaskog
AssiDomän has decided to invest around SEK 200 million in a new corrugated
packaging plant in the Czech Republic. The plant will be built southwest of
Prague, with production expected to get under way during the summer of 1998.

2
The plant's annual production capacity will amount to around 70 million m of

New transport program measures the entire chain

12/9/1996 6:00 AM EST  -   STORA
NEW TRANSPORT ENVIRONMENTAL PROGRAM MEASURES THE ENTIRE CHAIN COULD BECOME THE FUTURE INDUSTRY STANDARD
A completely new method of efficiently calculating and managing emissions and energy consumption throughout the transport chain, from production to final delivery to customers
Each transport chain will have its own unique environmental profile, capable of covering all the various transport methods...

STORA coordinates purchase and sale of pulp

12/4/1996 6:00 AM EST  -   STORA
In order to fully utilize the Group's position as a seller and a purchaser of market pulp, a joint organization will be established, effective January 1, 1997, for the purchase and sale of pulp. This operation, which in organizational terms is based within Stora Cell, will be managed by Michael Palm.
The Group's pulp purchases, which were formerly handled through Stora Purchasing and Transport, will be...

STORA establishes its own wholesale operations in Latvia

12/3/1996 6:00 AM EST  -   STORA
As part of STORA's efforts to establish its own wholesale operations in Eastern Europe, Stora Merchant has started a new fine papers wholesale company, Stora Papirs SIA, in Riga, Latvia.
Currently, work is in progress to establish the business and operations are scheduled to commence formally in January 1997.
Gundega Sproge has been appointed general manager and she has already assumed her new post.

Stora Power and Gullspångs Kraft acquire shares

11/29/1996 6:00 AM EST  -   STORA
in the Forsmark nuclear power plant
STORA's power company, Stora Kraft AB, and Gullspångs Kraft AB have each decided to exercise their right of first refusal and acquire the Municipality of Karlstad's entire holding in Värmlandskraft-Forsmarksdelägarna AB. The purchase of these shares means that Stora Power acquires approximately 110 GWh and GullspÂngs Kraft about 30 GWh, corresponding to a total of 0.6...

New managing director appointed for stora HongKong Ltd

11/27/1996 6:00 AM EST  -   STORA
NEW MANAGING DIRECTOR APPOINTED FOR STORA HONGKONG LTD
Earlier this year, the present Managing Director of Stora Hongkong Ltd, Helge Dahl, announced that he wished to retire. Kenneth Nystén, currently head of Metsä-Serla Ltd in Hong Kong, has been appointed to succeed Mr. Dahl.
Kenneth Nystén, 38, is a native of Finland. He was educated in Sweden and the United States and has broad international experience...

Skandigen Interim report January - September 1996

11/26/1996 6:00 AM EST  -   Skanditek
- The Group's sales amounted to MSEK 13.3 (11.0) for the period. The consolidated result after depreciation was MSEK -5.3 (-9.2). The result after net financial items amounted to MSEK 5.8 (-9.5). The net financial items include a non-recurring revenue from sale of subscription warrants of MSEK 10.2 (0).
- The subsidiary Fermentech Medical Ltd. got approval in October to start clinical trials of its hyaluronan...