Sep 12, 2005. /Lesprom Network/. Holmen’s shareholders decided at the annual general meeting held on 5 April 2005 to set up a nominating committee consisting of the chairman of the board and one representative of each of the company’s three largest shareholders (in terms of voting rights) as of 31 August each year. The shareholders have now appointed the representatives on the nominating committee. For the period until next year’s annual general meeting, Holmen’s nominating committee will have the following members: Fredrik Lundberg, chairman of the board Per Welin, L E Lundbergföretagen Alice J. Kempe, Kempe Foundations Robert Vikström, Handelsbanken including pension fund. The chairman of the committee is Per Welin. The 2006 annual general meeting will be held in Stockholm on 28 March. Holmen is a forest products industry group with the capacity to produce 2.4 million tonnes of paper and paperboard per year. The EU countries, which account for some 90% of the group's turnover, are by far the largest market. Holmen Paper produces paper for daily newspapers, magazines, directories and advertising matter at three Swedish mills and one Spanish mill. Iggesund Paperboard produces paperboard for packaging and graphic purposes at two Swedish mills and one English mill. Iggesund Timber produces sawn timber at one Swedish sawmill. Holmen Skog manages the group's one million hectares of forests and the annual volume harvested from company forests is some 2.5 million cubic meters. Holmen's annual wood consumption is some 4.5 million cubic meters. Holmen Skog's earnings are largely generated by the sale of wood harvested in company forests. Holmen Kraft produces in a normal year some 1,100 GWh of electric power at wholly and partly owned hydroelectric power stations in Sweden. Holmen’s annual power consumption is some 4,200 GWh. Holmen Kraft's earnings are largely generated from the production of electric power by wholly and partly owned hydroelectric power assets.