Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 SCA has completed the offer for Vinda - Nonwovens Industry

What are you searching for?

Sign in
Nonwovens News

SCA has completed the offer for Vinda

Author Image

By: Karen McIntyre

Editor, Nonwovens Industry

SCA has completed its offer for the Chinese tissue manufacturer Vinda and is now the majority shareholder with 59.95% of the shares.

SCA is now the majority shareholder of Vinda, which is the third largest tissue company in China. China is the second largest tissue market globally.

“It is positive that we are now the majority shareholder of Vinda. We see the potential to further strengthen the company. Vinda is a well-known and well-managed company in the fast-growing Chinese market,” says Jan Johansson, president and CEO of SCA.

“Since its beginnings back in 1985, Vinda has grown and captured market shares in the tissue segment. SCA aims to develop collaboration with Vinda and utilize its extensive and robust distribution network,” says Johansson.

SCA will consolidate Vinda as of the first quarter of 2014.

Add us as a preferred source on Google

Get the latest Nonwovens Industry news, insights and analysis in your Google Search and AI experiences.

Add Nonwovens Industry as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Nonwovens Industry Newsletters