Sweden. Bonnier AB
| Date of agreement: | 26 Aug 2011 |
|---|---|
| Country: | Sweden |
| Customer: | Bonnier AB |
| Amount in EUR: | EUR 25 million |
| Maturity: | 6 years |
| NACE sector / loan type: | Publishing, printing and reproduction of recorded media |
This loan contributes to climate change mitigation: 100%
Project
The 6-year-maturity loan totalling EUR 25 million has been provided for financing Bonnier Group’s printing company Bold’s investments in a new, highly automated, KBA Commander CT press line in Bold’s printing plant near Stockholm. The modern newsprint machinery will replace two older printing presses at the printing plant. Four new after-treatment lines will replace six older lines.
The existing newsprint machinery is almost twenty years old, more expensive to run and requires more staff and maintenance than the new one. The new printing press will produce the greater part of Sweden’s biggest national daily Dagens Nyheter, the business paper Dagens Industri, the freesheet Metro, and a daily tabloid Expressen.
The newspaper machinery is expected to go live in 2012 in the existing building.
Bonnier AB is a multi-channel media company which engages in publishing, broadcasting, business press, and entertainment. The Bonnier Group is wholly owned by the Bonnier family with roots dating back to 1804. The Group has operations in more than 170 companies in 17 countries. Print is an essential business field for the company.
Fulfilment of NIB's mandate
The new, modern equipment will reduce energy consumption at the printing plant and 100% of the project qualifies as an environmental investment. The loan is to be allocated under NIB’s CLEERE lending facility for climate projects.
Sustainability summary
All work will be carried out indoors in the existing building and the project is not expected to give rise to any major environmental issues. There are some minor issues relating to the use of energy, chemicals and paper, as well as waste management when the existing equipment is being dismantled. The building for the printing press was originally designed for considerably larger printers. Due to the investment, Bonnier is able to reduce the needed space. Less building space and more efficient printing equipment leads to a reduction in energy consumption. More efficient paper and ink utilisation will reduce the generation of waste. One of the existing newsprint machines will be dissembled during the project implementation. No inventory of hazardous materials has yet been performed but this will be done before the dismantling.