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SCA to discontinue its hygiene business in India
SCA has announced that it is to discontinue its hygiene business in India. Four years after entering the Indian market, the company's conclusion is that profitability cannot be achieved within a reasonable timeframe.
SCA says it prioritises growth in selected emerging markets such as China, Southeast Asia, Latin America, Eastern Europe and Russia, where it already holds strong market positions. Emerging markets accounted for 32% of SCA's net sales in 2015.
The total cost of the discontinuation of operations is expected to amount to approximately SEK 350m. Approximately SEK 50m of these costs are expected to impact cash flow.
19th January 2017