Stockholm, Sweden 07 February 2019 -- Holmen withdrew from an expansion project that would have seen output of solid bleached board increase by 100,000 tpy. The project is postponed for the time being.

Holmen decided not to proceed with a possible large investment in its Iggesund bleached board mill to increase output. In its report in financial results for 2018 the company declared that the planned large investment would be postponed.

"We will instead make smaller investments to increase production in line with the development of sales to the premium segment," Holmen's CEO Henrik Sjölund said.

Last year the company said that it considered to increase board output at its Iggesund mill in Sweden by approximately 100,000 tpy. A feasibility study and other preparatory work had been completed, but a final decision had not been taken.

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