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In order to further develop the Group’s two operations, SCA had decided to divide into two divisions: a hygiene division and a forest products division.
According to a press announcement, the split of SCA into two listed companies is the best way to continue to create shareholder value, customer benefits and further development opportunities.
SCA’s leading global hygiene business offers products that make life easier every day for millions of people around the world. An increasing awareness of the relationship between hygiene and health, combined with a growing and aging population, are creating greater demand for hygiene products. Furthermore, SCA is Europe’s largest private forest owner and the well-integrated supply chain offers significant synergies and competitive advantages. Forest Products is an efficient and well-invested business,” says Magnus Groth, President and CEO of SCA.
