Holmen

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Holmen AB

Type	Public
Founded	1875 (MoDo)
Headquarters	Stockholm, Sweden
Key people	Fredrik Lundberg (Chairman of the board), Magnus Hall (President and CEO)
Industry	Forestry products
Products	Paper and pulp, sawn timber, paperboard
Revenue	16,319 million SEK (2005)
Employees	4,868
Website	http://www.holmen.com/

This refers to the company. For the hamlet in Norway, see Holmen Norway.

Holmen is a Swedish company which bases its business in the pulp and paper industry. Holmen's main products are newsprint (both white and colored) and magazine paper for newspapers, magazines, directories and advertising prints. They also produce paperboard for consumer packaging and graphical applications.

The current CEO is Magnus Hall.

1 History
2 Organization
3 Owners
4 Markets
5 Products
6 See also
7 External links

[edit] History

Holmen was originally called Mo och Domsjö AB (MoDo), but changed its name to the current one in February 2000. The history of Holmen is more than 400 years long, it started as a weapons factory in the beginning of the 17th century in Norrköping(döh). In the mid 18th century what finally would become MoDo was formed.

[edit] Organization

Holmen consists of several subsidiaries: Holmen Paper, Iggesund Paperboard, Iggesund Timber, Holmen Skog and Holmen Kraft whereas the largest one is Holmen Paper with a total of three paper mills in Sweden; one in Workington, England, and one in Madrid, Spain, thus the most of the production is located in Sweden.

[edit] Owners

The largest owner in Holmen is L.E. Lundbergsföretagen, controlled by billionaire Fredrik Lundberg with 27.2% of the shares and 52.0% of the total vote.

[edit] Markets

The European market makes up about 86% of Holmen's total net income. While Holmen's single largest market is of no surprise: Sweden, with one fourth of the total net income, they are also especially strong in Spain and Germany where they are one of the leading suppliers of newspaper to the daily newspaper printing companies.