Södra Cell Ends Efforts to Sell Tofte Mill
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 Södra, Sweden, reports that it is ceasing efforts to sell its Södra Cell Tofte mill in Sweden due to bids it has received being too low. This decision will now be reported to the county. If no solution is found during the month-long qualifying period, the company plans to stop production on May 1.
"We have been working to find a buyer for the Tofte mill for almost six months now, and we have been in contact with a large number of potential buyers during that time. However, we are forced to conclude that we have received a limited number of bids, and that the levels of the bids made are too low to make it worthwhile continuing with the sale," said Gunilla Saltin, acting CEO of Södra and president of Södra Cell.
The company explains that it has been attempting for some time now to achieve profitability at Södra Cell Tofte, but it has not been possible to turn the tide despite a number of measures being implemented. This was why a process began in October 2012 to find a buyer.
This past February, Södra announced its intention to liquidate its holding in Södra Cell Tofte and reported that a sale process had begun. Contact was made with a large number of potential buyers all over the world, but no sufficient bids led the company to cancel the sale process.
The Tofte mill was purchased by Södra in 2000. Its production capacity totals 400,000 metric tpy of chemical paper pulp. It employs about 300 people.
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