| 1996: SCA and the American company Kimberly-Clark announced a European structural deal - SCA acquired Prudhoe tissue mill in Great Britain and Kimberly-Clark took over SCA Molnlycke's Peaudouce brand name for baby diapers in France. A second LWC machine was taken into operation in the Ortviken paper mill, Sweden. We expand further In 1997 and 1998, the expansion in Central and Eastern Europe, Asia and America continued through joint ventures and acquisitions of a great number of hygiene and packaging companies. In 1999, SCA received the FSC certificate that demonstrates that the company's two million hectares of forestland are managed according to the principles and criteria established by Forest Stewardship Council. FSC demands forest management with great consideration for nature conservation, the Sami population and local communities. In 2000, SCA acquired the incontinence products operations of Johnson & Johnson in the US and Canada. The acquisition of Metsa-Serla's corrugated board division made SCA the largest corrugated board producer in Europe. In connection with the Annual General Meeting 2002, Sverker Martin-Lof was elected Chairman of the Board for SCA after having worked as President and CEO since 1988. SCA's current President and CEO, Jan Astrom, was appointed in April 2002.
Globalization The acquisitions in 2001 of part of Georgia-Pacific's Away-From-Home operations and the packaging company Tuscarora signalled a breakthrough for SCA on the American market. These acquisitions gave SCA the necessary critical mass and a platform for futher expansion in North America. The tissue market has been expanded in Latin America through acquisitions and investments in joint-venture companies.
SCA increased its holdings to majority in the Singapore-based Central Package Group, which strenghtened SCA's position in the Chinese market.
In 2004, tissue operations of the New Zealand company Carter Holt Harvey were acquired, making SCA market leader in tissue in Oceania. |