We buy

Our value chain

We sell

 

 

Wood fibre
>
Pulp mill
>
Wood fibre
Pulp
Paper mill
>
Pulp and paper for recycling
Virgin and recycled containerboard, kraft paper and uncoated fine paper
Film-extrusion and nonwoven production
>
Converting operations
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Resins, films and other materials
Corrugated packaging, industrial bags, extrusion coatings, consumer goods packaging, personal care components, technical films and release liner

Key inputs in 2017

  • High-quality, well-invested, cost advantaged integrated asset base
    -  90% pulp and paper capacity in two lowest cost quartiles
    -  €5.4 billion capital employed
  • Engagement and collaboration with customers and suppliers
    -  9,000+ customers
    -  1,500 key suppliers
  • Strong financial position and cash flow generation
    -  €948 million cash flow generated
    -  BBB/Baa1 S&P/Moody’s credit rating
  • Responsible procurement of raw materials and other inputs
    -  71% wood procured from FSC- or PEFC-certified sources
    -  65% mill fuel consumption from biomass-based renewable sources
  • Diverse and talented people with a broad range of skills and experience
    -  26,300 employees
    -  22% women employed across our operations
  • Constructive relationships with communities, governments, NGOs and other stakeholders
    -  Numerous strategic partnerships, memberships and collaborations
    -  Majority of key operations have Community Engagement Plans in place

Key outputs in 2017

  • High-performing operations
    -  19.7% ROCE
    -  14 production records on pulp/paper machines
  • Innovative products and solutions
    -  €23 million spent on research & development
    -  7.9 out of 10 strong customer satisfaction (survey results)
  • Capital appreciation and dividends to shareholders
    -  9% increase in ordinary dividend per share
    -  203% total shareholder return (5 years)
  • Sustainably managed natural resources and outputs
    -  10.1m GJ energy provided to communities and public grid
    -  100% managed forests certified
  • Inspired and skilled people
    -  829,900 training hours
    -  9% reduction in total recordable case rate against 2016
  • Support to regional economies and local communities
    -  €151 million direct taxes paid
    -  €9.6 million community investments