SWM International announced its successful acquisition by Evergreen Hill Enterprise Pte. Ltd., part of the Indonesian group BMJ. The company will now operate as an independent, privately owned business with its headquarters located in Luxembourg.
SWM International is the global market leader in premium, highly engineered lightweight materials. The company serves various industry segments, including tobacco, cannabinoids, battery, surface protection, packaging, and medical. With a global footprint including facilities in Asia, Europe, Latin America, and the United States, the company is home to nearly 2,000 employees worldwide, including an experienced management team.
Katrin Hanske, CEO of SWM International: “Today marks a milestone for our employees, our customers, and our partners. Leveraging our profound engineering expertise in botanicals and natural fibers, we are dedicated to further advancing innovation in our distinctive products and technologies, all while expanding our manufacturing capabilities.”
Sustainability
SWM International is dedicated to advancing its environmental, social, and governance (ESG) strategy in collaboration with customers and partners. The Thinpact program focuses on decreasing the use of plastic by means including Evolute™, life-cycle assessment (LCA), and eco-design, driving customers closer to achieving circularity. The company is taking bold steps to reduce its own environmental footprint, including a targeted 40% reduction in greenhouse gas (GHG) emissions from 2020 to 2030. This involves ongoing investments in reduction of energy consumption and decarbonization projects, including the installation of a second biomass boiler in the French Quimperlé mill.
RELATED NEWS
