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BillerudKorsnäs

#4123

Rank

$2.27B

Marketcap

SE Sweden

Country

BillerudKorsnäs
Leadership team

Mr. Christoph Michalski M.Sc (Econ.) (Pres & CEO)

Mr. Ivar Vatne (Deputy CEO, Exec. VP & CFO)

Mr. Tor Lundqvist (Exec. VP of Operations)

Products/ Services
Forestry, Packaging Services, Paper Manufacturing, Product Design
Number of Employees
1,000 - 20,000
Headquarters
Solna, Stockholms Lan, Sweden
Established
2012
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
BILL.ST
Social Media
Overview
Location
Summary
Billerud AB (publ) provides fiber-based packaging materials and solutions in Sweden and internationally. It operates through three segments: Product area Board, Product area Paper, and Solutions & Other. The company offers kraft papers for medical equipment and food packaging sectors; and sack papers for making sacks. It also provides packaging solutions and systems for brand owners; and manufactures and sells liquid packaging and carton boards, as well as fluting and liners. The company serves packaging manufacturers, brand owners, and large retail and supermarket chains. The company was formerly known as BillerudKorsnäs AB (publ) and changed its name to Billerud AB (publ) in October 2022. Billerud AB (publ) was incorporated in 1926 and is headquartered in Solna, Sweden.
History

The company was formed in November 2012 through the merger of Billerud AB and Korsnäs AB.In the 2012 merger, Billerud was the formal buyer. Korsnäs' owner, Investment Kinnevik AB, received a sum of SEK 3.2 billion as well as 25.1% of the votes in the new company and consequently became the largest owner in the merged BillerudKorsnäs. Behind the merger, was an ambition to become an internationally leading packaging manufacturer.

During the same year, BillerudKorsnäs acquired paper production facilities both in Jakobstad and Tervasaari, Valkeakoski, in Finland from UPM Kymmene. Valkeakoski was closed down and the paper machine for MG paper was moved to Skärblacka mill in 2017.In 2013, Kinnevik sold its shares in BillerudKorsnäs to pension firms AMF, Alecta and the Fourth Swedish National Pension Fund.In March 2022, BillerudKorsnäs completed its acquisition of the US-based coated paper company, Verso Corporation for $825m in cash. As a result of the acquisition, according to a press release in October 2022, the company changed its name from BillerudKorsnäs to Billerud "to cater to its international customers".

Mission
BillerudKorsnäs strives to inspire and challenge the packaging industry to create greater value with less environmental impact across product life cycles.
Vision
BillerudKorsnäs envisions a world where packaging is a positive part of society and makes a contribution to a sustainable future.
Key Team

Ms. Lena Schattauer (Head of Investor Relations)

Mr. Andreas Mattsson (Exec. VP & Gen. Counsel)

Ms. Paulina Ekvall (Exec. VP of HR & Communications)

Louise Wileen Bjarke (Head of Press)

Mr. Erik Olsson (Exec. VP of Strategy)

Ms. Anna-Maria Tuominen Reini (Exec. VP of Procurement & Wood Supply)

Mr. Matthew Hirst (Exec. VP of Commercial & Sustainability)

Recognition and Awards
BillerudKorsnäs has been recognized with awards and certifications for sustainability, innovation and quality, including EcoVadis Gold, SAS Environmental Label and Nordic Ecolabel.
References
BillerudKorsnäs
Leadership team

Mr. Christoph Michalski M.Sc (Econ.) (Pres & CEO)

Mr. Ivar Vatne (Deputy CEO, Exec. VP & CFO)

Mr. Tor Lundqvist (Exec. VP of Operations)

Products/ Services
Forestry, Packaging Services, Paper Manufacturing, Product Design
Number of Employees
1,000 - 20,000
Headquarters
Solna, Stockholms Lan, Sweden
Established
2012
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
BILL.ST
Social Media