New Forest Survey Shows Higher Standing Volume and Higher Growth in SCA's Forests
SVENSKA CELLULOSA B (SVCBY)
NASDAQ:AMEX Investor Relations:
sca.com/en/contact-groups-sca/investor-relations
Company Research
Source: PR Newswire
STOCKHOLM, Jan. 30, 2020 /PRNewswire/ -- SCA has performed a new forest survey in 2019. According to the new survey, SCA's standing timber volume is 11 million cubic metres (m3fo 1) higher than previously estimated. The survey also shows that the annual growth is 1 million cubic metres higher than the previous estimate."We manage our forests for the long term and for high growth, which this new survey confirms", says CEO Ulf Larsson. "A higher standing timber volume means that our forest resource has a higher value. A higher growth gives a higher yield over the long term and also means that our forests bring an increasing contribution to combatting climate change." According to the new survey, SCA's standing volume in Sweden is estimated at 249 million m3fo as of December 31, 2019. This compares with the previous survey from 2012-2013 and which indicated standing volume of 238 million m3fo at the end of 2019. Of the 11 million m3fo increase, about 6 million m3fo is related to higher t
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