Billerud AB is a Swedish pulp and paper manufacturer with headquarters in Solna, Sweden. The company simplified its name from BillerudKorsnäs to Billerud after the acquisition of

Verso ' is the "right" or "front" side and ''verso'' is the "left" or "back" side when text is written or printed on a leaf of paper () in a bound item such as a codex, book, broadsheet, or pamphlet. Etymology The terms are shortened from Latin ...

2022, an American producer of coated paper. Billerud has nine production facilities in Sweden, Finland and the USA with around 5,800 employees in over 13 countries. Its production units are located in

Grums Grums is a locality and the seat of Grums Municipality, Värmland County, Sweden Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of Swe ...

Skärblacka Skärblacka is a locality situated in Norrköping Municipality, Östergötland County, Sweden with 4,059 inhabitants in 2010. In everyday use, the town is known as simply ''Blacka''. Until 1971, the town was the administrative centre of Skärblack ...

, Frövi/

Rockhammar Rockhammar is a locality situated in Lindesberg Municipality, Örebro County Örebro County ( sv, Örebro län) is a county or '' län'' in central Sweden. It borders the counties of Västra Götaland, Värmland, Dalarna, Västmanland, Söderma ...

, Gävle and Karlsborg in Sweden,

Jakobstad Jakobstad (; fi, Pietarsaari) is a town and municipality in Ostrobothnia, Finland. The town has a population of () and covers a land area of . The population density is . Neighboring municipalities are Larsmo, Pedersöre, and Nykarleby. The ...

in Finland,

Escanaba Escanaba ( ), commonly shortened to Esky, is a port city in Delta County in the U.S. state of Michigan, located on Little Bay de Noc in the state's Upper Peninsula. The population was 12,616 at the 2010 census, making it the third-largest city i ...

, Quinnesec and

Wisconsin Rapids Wisconsin Rapids is a city in and the county seat of Wood County, Wisconsin. The population was 18,877 at the 2020 census. The city also forms one of the core areas of the United States Census Bureau's Marshfield-Wisconsin Rapids Micropolit ...

in the US.

History

The company was formed in November 2012 through the merger of Billerud AB and Korsnäs AB. In the 2012 merger, Billerud was the formal buyer. Korsnäs' owner, Investment Kinnevik AB, received a sum of SEK 3.2 billion as well as 25.1% of the votes in the new company and consequently became the largest owner in the merged BillerudKorsnäs. Behind the merger, was an ambition to become an internationally leading packaging

manufacturer Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to ...

. During the same year, BillerudKorsnäs acquired paper production facilities both in

and Tervasaari,

Valkeakoski Valkeakoski (; lit. "white rapids") is a town and municipality in Finland. It is located south of Tampere, north of Hämeenlinna and north of Helsinki in the Pirkanmaa region. The municipality has a population of () and covers an area of of wh ...

, in

Finland Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of B ...

from

UPM Kymmene UPM-Kymmene Oyj is a Finnish forest industry company. UPM-Kymmene was formed by the merger of Kymmene Corporation with Repola Oy and its subsidiary United Paper Mills Ltd in 1996. UPM consists of six business areas: UPM Fibres, UPM Energy, UPM R ...

. Valkeakoski was closed down and the paper machine for MG paper was moved to Skärblacka mill in 2017. In 2013, Kinnevik sold its shares in BillerudKorsnäs to pension firms AMF, Alecta and the Fourth Swedish National Pension Fund. In March 2022, BillerudKorsnäs completed its acquisition of the US-based coated paper company, Verso Corporation for $825m in cash. As a result of the acquisition, according to a press release in October 2022, the company changed its name from BillerudKorsnäs to Billerud "to cater to its international customers".

Production units

In Sweden

* Gruvön Mill – produces cup stock, fluting, formable paper, kraft paper, liners, sack paper and liquid packaging board * Skärblacka Mill – produces white machine glazed kraft paper, brown sack paper and fluting * Karlsborg Mill – produces kraft paper, sack paper, formable paper (FibreForm®) and pulp * Frövi Mill – produces cartonboard and liquid packaging board * Gävle Mill – produces liquid carton and liners.

In the US

* Escanaba Mill – produces graphic papers used in commercial printing, media and marketing * Quinnesec Mill – produces graphic papers used in commercial printing, media and marketing * Wisconsin Rapids Converting Facility – converts rolls of paper into folio and digital sheet.

In Finland

* Jakobstad Mill – produces kraft- and sack paper for food packaging and carrier bags.

Product areas

In 2021, Board corresponds to 57% of the group's net sales and paper corresponds to 31%.

Corporate leadership

Chairmen of the Board

* Hannu Ryöppönen, 2012–2014 * Lennart Holm, 2014–2019 * Jan Åström 2019-2021 * Jan Svensson 2021-

Chief Executive Officer

* Per Lindberg, 2012–2017 * Petra Einarsson, 2018–2019 * Lennart Holm, 2019-2020 (acting CEO) * Christoph Michalski, 2020-

Ownership Structure

The largest shareholders are AMF Pension & Funds with 14.2 percent of the votes and Frapag Beteiligungholding AG with 12.1 percent (as of April 30, 2022).

References

External links

* {{DEFAULTSORT:BillerudKorsnas Solna Municipality Companies based in Solna Municipality Pulp and paper companies of Sweden Manufacturing companies established in 2012 Swedish companies established in 2012 Companies listed on Nasdaq Stockholm