Billerud announces total incorporation of subsidiary
Tenova Bioplastics AB was acquired in 2009 so that Billerud could “explore and gain more in-depth knowledge of new possibilities of combining bioplastic with paper in smart packaging.”
Furthermore, Billerud also revealed last week that it will now transfer its product development division to the Norwegian company, Biobag International AS.
This will mean that Billerud will now be a minority owner in Biobag. The transfer will also result in the production site, which is currently located in Sweden, moving to Norway.
Separation of roles
Speaking to FoodProductionDaily.com, Per Lindberg, President and CEO of Billerud, confirmed that the new merger will work on producing packaging for the food industry. However he declined to disclose any further details.
He explained that there will be a separation of roles between the two companies. Biobag will concentrate on bioplastic bag production which “is not core to Billerud”, whilst “Billerud will continue to focus on developing sustainable materials” as well as fibre-based packaging.
He added that the production business currently located in Åby will be transferred to an unspecified site in Norway, where it will manufacture bioplastic bags and films.
