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Swedish industry continues forest acquisitions in Latvia

27-06-2019

SCA has announced the acquisition of additional forest in Latvia.

The acquisition comprises 9.600 hectares, of which 8.500 are forest land. The standing timber volume amounts to 900.000 cubic metres. The purchase price is approximately 24,2 million EUR.

Earlier this year SCA acquired 10.000 hectares of forest land in Latvia and 10.000 hectares of forest land in Estonia.

“The Baltic states are part of our raw material base”, says Jonas Mårtensson, President of SCA Forest.”We have been present in the market for a long time as a buyer of timber. Having our own forest resource strengthens our operations in the region.”

 
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