Holmen (company)
 | |
| Type | Public (OMX: HOLM B) |
|---|---|
| Industry | Forestry products |
| Founded | 1875 (MoDo) |
| Headquarters | Stockholm, Sweden |
| Key people | Fredrik Lundberg (Chairman of the board), Magnus Hall (President and CEO) |
| Products | Paper and pulp, sawn timber, paperboard |
| Revenue | 18,592 million SEK (2006) |
| Employees | 4,958 |
| Website | http://www.holmen.com/ |
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.
History
Holmen was originally called Mo och Domsjö AB (MoDo), a Swedish company created in 1874. Carl Kempe (1799-1872), a Pomeranian-born merchant, originally partnered with his brother-in-law, but was from 1836 single owner of a sawmill in Mo, at the river Moälven, near Örnsköldsvik in northern Sweden. Carl Kempe later established a steam-powered sawmill at Domsjö on Moälven. The latter has been running as an independent company called Domsjö Fabriker since 2000, and in 2011 it was acquired by India's Aditya Birla Group.
The company Mo och Domsjö AB was created in 1874 by Carl Kempe's sons from these holdings, among several other industries controlled by the Kempe family. It was led at various times by the brothers Bernhard (1830-1908), Wilhelm and Frans Kempe (1847-1924) and remained in the control of the Kempe family for most of the next century.
Originally producing and exporting timber, the company moved into pulp and paper at the end of the 19th and early years of the 20th century and into wood-based chemicals during the middle part of the 20th century. The name was usually abbreviated to Modo and has since 1963 through sponsoring given name to the ice hockey team Modo Hockey.
The company was merged with the Norrköping-based industrial company Holmens Bruk AB in 1988 under the name Mo och Domsjö AB.
In February 2000, the group changed its name to Holmen AB.
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 two paper mills in Sweden; Hallsta, Braviken and one in Madrid, Spain, thus the most of the production is located in Sweden. Iggesund Paperboard has two paperboard mills; one in Iggesund, Sweden and one in Workington, England,
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.
Markets
The European market makes up about 86% of Holmen's total net income. Holmen's single largest market is Sweden, with one fourth of the total net income, followed by Spain and Germany where they are suppliers of newspaper to the daily newspaper printing companies.[citation needed]
Products
Holmen produce colored paper to newspapers such as Financial Times, Dagens Industri and Sportbladet. They are suppliers of colored newspaper in the United Kingdom and Sweden. Holmen also have customers in Japan, USA, Singapore, Hong Kong, South Korea and Australia.
The brands include: Holmen News, Holmen Guide, Holmen XLNT, Holmen Plus, Holmen Bravo, Holmen Book and Holmen Premium.
Competitors
- Cascades
- Georgia-Pacific
- International Paper
- M-real
- Nippon Unipack
- Oji
- Smurfit-Stone Container
- Stora Enso
- UPM-Kymmene
- Weyerhaeuser