HCN HolzConsulting® GmbH

Unternehmensberatung & Personalberatung für die Holz-, Forst-, Bau- und Möbelwirtschaft | seit 2002

Latvia: SCA and Latvian Forest Company have signed a letter of intent for SCA to acquire 10.000 hectares of forest land

Latvian Forest Company owns and runs a number of forest farms in Latvia. The purchase-sum would amount to approximately SEK 260 million (€ 26 million). “We see the Baltic states as part of the base for SCA’s raw material supply”, says Jonas Mårtensson, President Forest. “We have already an organization for wood procurement in Estonia and Latvia and our operations will be further strengthened by a forest holding of our own.” The letter of intent is not binding for the parties. (Copyright: Svenska Cellulosa Aktiebolaget SCA - 02/2019)