Holmen (company)
 | |
| Company type | Public (Nasdaq Stockholm: HOLM B) |
|---|---|
| Industry | Forestry products |
| Founded | 1875 (MoDo) |
| Headquarters | Stockholm, Sweden |
Key people | Fredrik Lundberg (Chairman of the board), Magnus Hall (President and CEO) |
| Products | Paper and pulp, sawn timber, paperboard |
| Revenue | 18,592 million SEK (2006) |
Number of employees | 4,958 |
| Website | http://www.holmen.com/ |
Holmen is a Swedish company which bases its business in the pulp and paper industry. Holmen's main products are newsprint (both white and colored) and magazine paper for newspapers, magazines, directories and advertising prints. They also produce paperboard for consumer packaging and graphical applications.
The current CEO is Magnus Hall.
History
Holmen was originally called Mo och Domsjö AB (MoDo), but changed its name to the current one in February 2000. The history of Holmen is more than 400 years long, it started as a weapons factory in the beginning of the 17th century in Norrköping. In the mid 18th century what finally would become MoDo was formed.
Organization
Holmen consists of several subsidiaries: Holmen Paper, Iggesund Paperboard, Iggesund Timber, Holmen Skog and Holmen Kraft whereas the largest one is Holmen Paper with a total of two paper mills in Sweden; Hallsta, Braviken and one in Madrid, Spain, thus the most of the production is located in Sweden. Iggesund Paperboard has two paperboard mills; one in Iggesund, Sweden and one in Workington, England,
Owners
The largest owner in Holmen is L.E. Lundbergsföretagen, controlled by billionaire Fredrik Lundberg with 27.2% of the shares and 52.0% of the total vote.
Markets
The European market makes up about 86% of Holmen's total net income. Holmen's single largest market is Sweden, with one fourth of the total net income, followed by Spain and Germany where they are suppliers of newspaper to the daily newspaper printing companies[citation needed].
Products
Holmen produce colored paper to newspapers such as Financial Times, Dagens Industri and Sportbladet. They are suppliers of colored newspaper in the United Kingdom and Sweden. Holmen also have customers in Japan, USA, Singapore, Hong Kong, South Korea and Australia.
The brands include: Holmen News, Holmen Guide, Holmen XLNT, Holmen Plus, Holmen Bravo, Holmen Book and Holmen Premium.
See also
Competitors:
- Cascades
- Georgia-Pacific
- International Paper
- M-real
- Nippon Unipack
- Oji
- Smurfit-Stone Container
- Stora Enso
- UPM-Kymmene
- Weyerhaeuser