Kvaerner sells business units to Voith.
Kvaerner completed the sale of its pulp and paper recycling and
dewatering units to Voith Paper on November 30, 2001. Voith has
integrated the unit into Voith Paper Fiber Systems Division. The
activities and employees of Kvaerner Pulping a.s., Lier, Norway, have
been transferred to voith Paper AS, a new company based in Lier.
Christen Gronvold-Hansen, the former group president and chief executive
officer of Kvaerner Pulping a.s., has been named general manager. Voith
has integrated the operations of Kvaerner Pulp and Paper's
recycling and dewatering division, which had offices in Charlotte, North
Carolina, USA, and Laval, Quebec, Canada. These offices have become part
of Voith Paper Inc., Appleton, Wisconsin, USA, and Voith Paper Canada
Inc., Pointe-Claire, Quebec, respectively.
Voith Paper and Kvaerner's fiberline division are continuing
to investigate further cooperation.