Svenska Cellulosa Aktiebolaget (lit. 'Swedish Cellulose Stock Corporation') is a Swedish timber, pulp and paper manufacturer with headquarters in Sundsvall.[6] It has approximately 3,450 employees and a turnover of approximately SEK 20.2 billion (€1.8 billion). Its main products include many one-use paper products, containerboard, solid-wood products, pulp and forest-based biofuel. SCA is Europe's largest private owner of forest land, with 2.7 million hectares. The global hygiene product company Essity was part of SCA until 2017.
History
SCA was founded by Ivar Kreuger on 27 November 1929[5] as a holding company for ten Swedish forest industry companies. Following Kreuger's bankruptcy in 1932, the company came to be controlled by the bank Handelsbanken, who along with associated funds and companies continue to control SCA. Axel Enström was the managing director from 1950 to 1960 and chairman of the board from 1960 to 1965.[7]