Tag Archives: Billerud

EIB signs SEK 1.3 billion loan agreement with Billerud for bioproduct mill upgrade

The European Investment Bank (EIB) has signed a SEK 1.3 billion (approximately €110 million) loan agreement with Swedish company Billerud, a world-leading paper and packaging materials supplier. The loan supports investments in the modernization and upgrade of a bioproduct mill, including the replacement of a recovery boiler. The upgrades are well anchored in Billerud’s sustainability […]

Billerud recognized as one of Sweden’s most desirable employers

According to a survey conducted by Karriärföretagen in May-July 2023, which garnered responses from 3,756 young professionals, Billerud has once again been acknowledged as one of the top ten employers in Sweden and consolidated its position as the second most attractive employer for bachelor engineers and the third most attractive employer for master engineers. “At […]

Billerud introduces new regional organization for Europe and appoints acting CFO

Billerud is introducing a new organization whereby the company harmonizes and operates its business in two distinct geographical regions – Europe and North America. Billerud further appoints Andrei Krés as acting CFO, effective immediately. Matthew Hirst, previously EVP Commercial, has been appointed President of Billerud Europe and will lead the new European organization consisting of […]

Billerud’s President and CEO, Christoph Michalski, Leaving Company

Billerud today announced that its President and CEO, Christoph Michalski, is leaving the company, with immediate effect. Michalski has held the position of CEO since November 2020. Billerud’s Board of Directors has appointed the current CFO and deputy CEO, Ivar Vatne, as acting CEO. Vatne joined the company as CFO in May 2019 and has […]

Billerud to Sell Its Managed Packaging Business Unit to Mimir Group

Billerud has agreed with the investment company Mimir Group about a divestment of Managed Packaging, which offers packaging solutions to global brand owners. Terms of the deal were not disclosed. According to Billerud, the intention to divest the Managed Packaging business segment is a consequence of Billerud’s focus on packaging materials, which means reduced strategic […]

Billerud Sees Lower Second Quarter Result than Current Market Expectations

Billerud expects the EBITDA for the 2023 second quarter to be SEK 100-200 million. The lower result is mainly due to significantly lower sales volume and revaluation of finished goods inventory. Billerud also announces a raised ambition for its efficiency program and a changed financial reporting structure. Market conditions remain weak with low demand and […]

Billerud Resumes Escanaba Mill Operations After Rare Fungal Outbreak

Billerud has resumed operations at its pulp and paper mill in Escanaba, Michigan, after a rare fungal disease outbreak that began in March forced the company to temporarily idle operations at the site. In a written statement, Billerud said, “Following a deep cleaning recommended by public health authorities and experts, the Escanaba Mill has initiated […]

World’s most northerly paper mill makes sustainable choices with ABB

Why buy something new when you can renovate and upgrade? These are values packaging giant Billerud in Kalix, northern Sweden, lives by. So, a retrofit solution with new energy-efficient circuit breakers was a perfect match when its decades-old switchgear needed new life. In a slow-growing forest in northern Sweden is a unique raw material: trees […]

Billerud Gains Funding Approval from Michigan Legislators in Support of Escanaba Mill Conversion

Billerud announced that the Michigan House of Representatives and Senate has passed legislation approving an appropriation of up to USD 200 million in funding to support the company’s plans to convert its paper mill in Escanaba, Michigan, to the production of paperboard. The legislation must be approved by Michigan’s Governor, which is expected to occur […]

BillerudKorsnäs Simplifies Name to Billerud

As of today, BillerudKorsnäs is simplifying its name to Billerud to cater to its international customers. As a leading supplier of virgin fiber-based paper and packaging materials, the name change is fully in line with the company’s strategy to expand into North America and continue driving sustainable growth in global markets. It is simply easier […]