Biocel looks for a buyer for its stake in JIP

Article Abstract:

Biocel (Paskov, Czech Republic), pulp company, is going on looking for a buyer for its 49.87% stake in the paper firm Jihoceske papirny (JIP) (Vetrni, Czech Republic) in 2001. The company did not manage to sell the shares within its second attempt owing to low money offers. However, Biocel's new owner Zellstoff Poels (Austria), which holds 93.64% of shares, insists on the sale of the stake in JIP. Biocel expects its net profit to decline to CEK 500 mil in 2001 compared to CEK 732 mil in 2000. In 1999 the company saw a profit of CEK 128 mil. The big growth in 2000 was caused mainly by a favourable situation on the global pulp market.

Asset sales & divestitures, Woodpulp & Related Products, Pulp Mills, PAPER AND ALLIED PRODUCTS, Paper & Allied Products, Paper Manufacturing, Russia, Brief Article, Wood pulp industry, Paper industry, Biocel a.s., Jihoceske Papirny a.s.

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Biocel expects an increase in exports due to a new owner

Article Abstract:

Biocel (Paskov, Czech Republic), pulp company, expects its exports possibilities to grow due to its new owner. In early 2001 Biocel was acquired by the pulp and paper group Zellstoff Poels (ZP) (Austria). ZP will pay over CEK 1.96 bn for its 93% stake in Biocel if the transaction is approved by the Office for the Protection of Economic Competition of the Czech Republic. So far Biocel has exported 90% of its production. ZP has been a wholly-owned subsidiary of the holding company Wilfried Heinzel (Austria) since 2000.

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Biocel Paskov wants to lower the number of employees

Article Abstract:

Biocel (Paskov, Czech Republic), pulp company, wants to improve its organization and efficiency by 2003-2004. The company is aiming to reach a standard comparable with pulp companies in western Europe. Within that it plans to lower the number of employees to 400 by 2003-2004 compared to 563 in 2000.

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