5 Dec 2019
EUR 20 million
Financial institutions and SMEs
At SCA's Global Hygiene Category in Mölndal, Sweden. Photo: SCA.
NIB and the Swedish hygiene and tissue products company Svenska Cellulosa Aktiebolaget (SCA) have signed a EUR 200 million loan agreement for the development of new personal care and tissue products.
The 8.5-year maturity loan will fund SCA’s R&D investments in new sanitary care and tissue innovations during 2016–2019, which will be partly conducted by the company’s Global Hygiene Category unit located in Mölndal, Sweden.
The research and development programme will focus on improving the quality of hygiene and personal care items, such as babies’ nappies, wet wipes, pads, feminine hygiene and incontinence products, and aim to advance the development of non-woven tissues and wet tissues.
“The paper and tissue products industries play a significant role in NIB’s member countries. The R&D conducted in Sweden will advance SCA’s product development and help secure its market leader position”, says Henrik Normann, NIB President & CEO.
The research investment spent in Sweden account for approximately 75% of the company’s total investments in market research and development. The newly developed products will be placed on sale in about 100 countries.
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.
NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.
For further information, please contact
Mr Nicolas Audibert, Director, Head of Industries & Services, at +358 10 618 0689,
Ms Lisa-Maria Altenberger, Communications Unit, at +358 10 618 0234,