Plan of integration of former Korsnas Packaging into Seguezhsky PPM structure to be completed by the end of July 2006

Jun 19, 2006. /Lesprom Network/. Integration of former Korsnas Packaging (Sweden) into Seguezhsky PPM (Karelia Republic, Russia) structure will be scheduled by the end of July 2006, Seguezhsky PPM press-service reported. Seguezhsky PPM has acquired Korsnas Packaging, producing paper sacks, for Euro 73.5 million. The buy-in has taken place on 31 May 2006 in Stockholm. Former Korsnas Packaging and Seguezhsky PPM paper sacks producing division were consolidated into Segezha Packaging.