Finland’s KaiCell Fibers venture moves another step forward through a private share offering aimed primarily at a core group of regional investors. The company’s ownership base is thus strengthened and further committed to making the Paltamo mill a reality.
As the venture moves closer to realisation, the private offering opens the way for structural changes and for establishing a project organisation. In this context, KaiCell Fibers Oy/Ltd CEO Jukka Kantola steps down in order to focus fully on leading NC Partnering Oy/Ltd. Hannu Heikkinen steps in as acting CEO of KaiCell Fibers, while Eero Suutari continues as Chairman.
As part of the restructuring arrangement, the Arbron textile fibre development project is shifted to NC Partnering Oy/Ltd.