AssiDoman Increases Capacity for Recycled Fibre-Based Containerboard.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--Nov. 8, 2000 The Board of AssiDoman AB has decided to invest MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner 116 in AssiDoman Ania, one of the leading manufacturers of containerboard in Italy. The investment includes rebuilding PM2 and improvements in internal logistics. As a result of this investment, production capacity will be increased by 40,000 tonnes to more than 180,000 tonnes of fluting fluting (floo´ting), n the elongated developmental depressions along the root branches of tooth root surfaces of certain teeth. and testliner per year. Furthermore, the quality of the paper will be improved and flexibility between the two paper machines will increase as will the company's ability to produce lighter grammages. Improved safety and environment are other advantages that will be achieved through this investment. Claudio Gaggini, President of AssiDoman Ania, says: "With this investment we are developing AssiDoman Ania so that we can make the best and most efficient use of our entire potential production capacity." The Italian corrugated board Noun 1. corrugated board - cardboard with corrugations (can be glued to flat cardboard on one or both sides) corrugated cardboard cardboard, composition board - a stiff moderately thick paper market is the second largest in Europe with an annual growth of 3-5 per cent. Approximately 90 per cent of AssiDoman Ania's production is delivered to Italian corrugated board plants. AssiDoman Ania, which is situated outside Lucca in Tuscany, has two paper machines, PM2 and PM3. There are 122 employees. In May 2000, AssiDoman Ania was the first containerboard mill in Italy to receive ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 14001 certification. AssiDoman AB Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. 8 November 2000 AssiDoman is one of Europe's leading forest products companies with operations within packaging, packaging paper, sawn timber and wood processing Wood processing is an engineering discipline comprising the production of forest products, such as pulp and paper, construction materials, and tall oil. Paper engineering is a subfield of wood processing. Many countries, notably Sweden also produce tar from pine trees. . The Group is also a significant forest owner with 2.4 million hectares of productive forest land. AssiDoman has approximately 12,000 employees in 20 countries. 1999 turnover amounted to SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 24.5 billion. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/11/08/20001108BIT00330/bit0001.doc http://www.bit.se/bitonline/2000/11/08/20001108BIT00330/bit0002.pdf |
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