Kvaerner sells part of its pulp & paper division

Kvaerner has reached an agreement to sell the recycling and dewatering activities of Kvaerner Pulp & Paper to Voith Paper Holding GmbH of Germany. The net cash consideration for the sale amounts to NOK 50 million. Headquartered in Tranby, Norway, with a total staff of approximately 60 employees, the Recycling and Dewatering Division of Kvaerner Pulp & Paper also has operations in the USA and Canada. The products, the technology and the know-how of the Recycling and Dewatering Division complement well the product line of Voith Paper’s Fibre Systems Division. Voith Paper can now offer complete integrated fibre preparation processes, including dewatering units. The completion of the transaction is expected by the year-end.

Previous articleBP to invest half a billion in China
Next articleLS Power invests in coal-fired stations
Stainless Steel World is part of The KCI Media Group, a group of companies focused on building and sustaining global communities in the flow control industries. We publish news on a daily basis and connect business-to-business professionals through our online communities, publications, conferences and exhibitions.