10/12/2021 | Press release | Distributed by Public on 10/12/2021 06:22
Metsä Board Corporation Investor news 12 October 2021
European Commission has today started an inspection on Metsä Fibre, an affiliated company of Metsä Board Corporation, under EU antitrust rules as part of larger investigation of the market for wood pulp sector. According to current information Metsä Board is not subject to investigations.
Metsä Board owns 24.9% of Metsä Fibre.
The fact that the Commission carries out such inspections does not mean that the companies are guilty of anti-competitive behaviour nor does it prejudge the outcome of the investigation itself.
METSÄ BOARD CORPORATION
Katri Sundström, VP, Investor Relations, tel. +358 10 462 0101
Metsä Board is a leading European producer of premium fresh fibre paperboards. We focus on lightweight and high-quality folding boxboards, food service boards and white kraftliners. The pure fresh fibres we use in our products are a renewable resource, that can be traced back to sustainably managed northern forests. We are a forerunner in sustainability, and we aim to have completely fossil free mills and raw materials by 2030.
Together with our customers we develop innovative packaging solutions to create better consumer experiences with less environmental impact. In 2020 our sales totalled EUR 1.9 billion, and we have around 2,400 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.