Continued bioplastic barrier initiative at Billerud

Continued bioplastic barrier initiative at Billerud

Billerud is integrating development work in the field of bioplastics and
other future materials. This work has previously taken place in the
subsidiary Tenova Bioplastics AB. Billerud acquired Tenova Bioplastics
AB in 2009 in order to explore and gain more in-depth knowledge of new
possibilities of combining bioplastic with paper in smart packaging. The
development division of the company is now being entirely integrated in
Billerud.

In connection with this process, the production business currently
located in Åby will be transferred to the Norwegian company BioBag
International AS. This will mean that Billerud will become a minority
owner in the Norwegian company. Billerud will work closely with BioBag
on certain development projects.

 

For further information, please contact:
Per Lindberg, President and CEO, +46 8 553 335 01, +46 702 48 15 17

The information is such that Billerud AB is obligated to publish under
the Swedish Securities Market Act. Submitted for publication at 2 pm
CET, 1 December 2011.