Södra posted a stable result for the second quarter of 2024. Several important decisions were made during the quarter in line with Södra's strategy to increase the added value of its wood raw material and do more with each tree.
The Company recently completed a share capital reduction which has resulted in the creation of distributable reserves giving maximum flexibility to consider the payment of quarterly dividends and otherwise to return value to our shareholders, should the Board consider it appropriate.
Construction will begin in the fall, and commissioning is scheduled for 2025. The investment will allow the plant to reduce its CO2 emissions by 9,100 tons per year.
Ahlstrom will proceed with the closure of the Bousbecque plant in France. The plant has an annual capacity of approximately 12,000 tons and employs 117 people. Ahlstrom continues to explore options to divest the property.
APRIL, one of the most technologically advanced pulp and paper producers in the world, has recently completed the latest round of recruitment for its "APRIL Sustainability Professional Readiness Programme" (ASPiRE), an accelerated on-the-job training initiative that empowers post-graduates to be future leaders in ESG and sustainability.
