Sweden. Svenska Cellulosa Aktiebolaget SCA
| Date of agreement: | 22 Jun 2016 |
|---|---|
| Country: | Sweden |
| Customer: | Svenska Cellulosa Aktiebolaget SCA |
| Amount in EUR: | EUR 200 million |
| Maturity: | 8 years |
| NACE sector / loan type: | Research and development |
Project
The loan is to finance Svenska Cellulosa Aktiebolaget’s R&D programme for the development of new hygiene products during 2016–2019, which will partly be conducted by the company’s Global Hygiene Category unit in Mölndal, Sweden.
The R&D will focus on improving the quality of personal care and tissue products, such as babies’ nappies, wet wipes, feminine hygiene and incontinence products, with the aim of improving absorption, hygiene, skin health and scent. Further, the programme is intended to advance the development of non-woven tissues and liquid tissues.
Svenska Cellulosa Aktiebolaget (SCA) is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. SCA currently has about 44,000 employees and is headquartered in Stockholm, Sweden.
Fulfilment of NIB's mandate
Svenska Cellulosa Aktiebolaget has a high rate of innovation in hygiene products. In order to maintain and strengthen its leading market position, the company prioritises product development and improved product performance. The R&D investment in Sweden accounts for approximately 75% of the company’s total investments in market research and development. Sales are conducted in about 100 countries under strong brand names. Since the paper and tissue industry is a significant business sector in NIB’s member countries, the company’s high performance in development processes is expected to create spill-over effects for other actors in the industry.
Sustainability summary
The R&D project is assessed not to have any significant negative environmental impact.
