This article may rely excessively on sources too closely associated with the subject , potentially preventing the article from being verifiable and neutral.(March 2018) |
Company type | Aktiebolag |
---|---|
Nasdaq Stockholm: ESSITY A, ESSITY B | |
ISIN | |
Industry | Consumer goods |
Predecessor | SCA |
Founded | June 15, 2017 |
Headquarters | , |
Area served | Worldwide |
Key people | Jan Gurander (Chairman) Magnus Groth (CEO) |
Products | Consumer Goods, Health & Medical, Professional Hygiene |
Revenue | SEKm 147,147 (2023) |
SEKm 16,607 (2023) | |
Total assets | SEKm 202,993 (2023) |
Total equity | SEKm 79,405 (2023) |
Number of employees | 36,000 (2023) |
Footnotes /references |
Essity AB is a Swedish hygiene and health company, with its headquarters in Stockholm, Sweden. The products portfolio contains one-use products such as tissue paper, baby diapers, feminine care (menstruation pads, etc.), incontinence products, compression therapy, orthopedics and wound care. Essity was a part of the hygiene and forest products company SCA until 2017, when the company spun off the hygiene operations that became listed as a separate company on Nasdaq Stockholm.
Essity has approximately 36,000 employees[ citation needed ] and net sales in 2023 amounted to EUR 13 billion. [3] The name Essity stems from the words essentials and necessity.
Essity was formerly a part of the SCA group. [4]
SCA was founded in 1929 as a forestry company. In 1975, SCA acquired Mölnlycke AB, a western European producer of disposable hygiene products.
In 1995 they acquired the German paper and packaging company PWA, Papierwerke Waldhof-Aschaffenburg.
In 2001 the division Wisconsin Tissue of the United States company Georgia-Pacific Tissue was acquired.
In 2004 SCA acquired the tissue and hygiene products businesses of Carter Holt Harvey from International Paper.
In 2007, Procter & Gamble sold their European tissue business to SCA for €512 million ($672 million). [5]
In 2007 SCA acquired its first minority share in the Asian tissue company Vinda.
In 2011, it acquired the Brazilian Pro Descart for about R$114 million, with local brands Biofral and Drybaby. Later, it invested R$242 million in a plant in Jarinu, in the interior of São Paulo, consolidating the brands TENA and Tork.
In July 2012, the acquisition of Georgia Pacific's tissue operations, including the brand Lotus, was closed. The total price amounted to €1.32 billion.
In 2013 SCA became majority shareholder in Vinda. [6]
In 2015, SCA was the largest producer of tissue paper in the world. [7]
In August 2015 it was announced that SCA's hygiene operations and forestry operations were to be divided into two different divisions. A year later, 24 August 2016, the company announced that it intended to split the SCA into two separately listed companies. In December 2016 SCA announced the acquisition of BSN Medical, a company specializing in the areas of Compression Therapy, Wound Care and Orthopaedics. The purchase price amounted to €2740 million and included brands such as Jobst, Leukoplast, Cutimed, Delta Cast and Actimove. In 2017, SCA split off Essity as a separate company, and Essity listed on the Stock Exchange in Stockholm on June 15, 2017. [8]
At the General Annual Meeting 2024 Essity appointed Jan Gurander as new Chairman. [9]
Essity is amongst the top 50 largest fast-moving consumer goods companies in the world [14] and some of its competitors are Unilever, Procter & Gamble, Georgia-Pacific, Kimberly-Clark, Sofidel, Unicharm Ontex, CMPC, Santher and 3M. [15]
Several initiatives have been launched to influence messaging around the sustainability of the Essity business model:
Along with its supplier SCA, Essity was accused by Greenpeace of promoting unsustainable business practices aggravating global warming and mass extinction. Greenpeace claim that Essity "clearcuts some of Sweden's last remaining old-growth forests, wiping away habitats of threatened species and endangering the livelihood of indigenous communities". [20]
In late August 2022, Essity announced their intention to sue lockedout striking workers at a paper-mill in Kawerau, New Zealand, for ~NZ$580,000 because they began their strike an hour earlier than stated. [21] The strike began in early August over a pay dispute, and involved 145 workers. [22]
Kimberly-Clark Corporation is an American multinational consumer goods and personal care corporation that produces mostly paper-based consumer products. The company manufactures sanitary paper products and surgical & medical instruments. Kimberly-Clark brand name products include Kleenex facial tissue, Kotex feminine hygiene products, Cottonelle, Scott and Andrex toilet paper, Wypall utility wipes, KimWipes scientific cleaning wipes and Huggies disposable diapers and baby wipes.
Svenska Cellulosa Aktiebolaget SCA is a Swedish timber, pulp and paper manufacturer with headquarters in Sundsvall. It has approximately 3,300 employees and a turnover of approximately SEK 20.8 billion. Its main products include many one-use paper products, containerboard, solid-wood products, pulp and forest-based biofuel. SCA is Europe's largest private owner of forest land, with 2.7 million hectares. The global hygiene product company Essity was part of SCA until 2017.
Atlas Copco is a Swedish multinational industrial company that was founded in 1873. It manufactures industrial tools and equipment.
Charmin is an American brand of toilet paper that was launched in 1928, and it is currently owned by Procter & Gamble.
Nasdaq, Inc. is an American multinational financial services corporation that owns and operates three stock exchanges in the United States: the namesake Nasdaq stock exchange, the Philadelphia Stock Exchange, and the Boston Stock Exchange, and seven European stock exchanges: Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, and Nasdaq Vilnius. It is headquartered in New York City, and its president and chief executive officer is Adena Friedman.
Tissue paper or simply tissue is a lightweight paper or light crêpe paper. Tissue can be made from recycled paper pulp on a paper machine.
Berry Global Group, Inc. is a Fortune 500 global manufacturer and marketer of plastic packaging products. Headquartered in Evansville, Indiana, it has over 265+ facilities across the globe and more than 46,000+ employees With $14+ billion in revenues in fiscal year 2022, the company is one of the largest Indiana headquartered company in Fortune Magazine’s ranking. The company changed its name from Berry Plastics to Berry Global in 2017.
TENA is a Swedish-based brand of Essity that specializes in products for adults with urinary or fecal incontinence, such as pads and diapers. TENA also produces a youth diaper brand for teenagers and larger children. The company has offices in all of North America, most of Europe, in Australia and New Zealand, and some parts of Asia and Central America. TENA has specific lines for retail and health care. They can be found at grocery, drug and discount stores, in aisles where other bladder control products are sold.
Carter Holt Harvey Limited is a privately-owned New Zealand–based company controlled by Rank Group Limited, the corporate vehicle of the country's richest man, Graeme Hart. Based in Auckland, New Zealand, the company has three main divisions: Woodproducts New Zealand and Woodproducts Australia, which are both major Australasian manufacturers of wood-based building products; and Carters, a New Zealand chain of trade-focused building supply stores.
Huhtamäki Oyj is a global food packaging specialist, headquartered in Espoo, Finland. Its products include paper and plastic disposable tableware, such as cups, plates and containers for quick service restaurants, coffee shops, retail stores, caterers and vending operators. The company provides coated paper cups for fast food chains such as Burger King, as well as flexible packaging and labels for food and drink, pet food, pharmaceuticals, household and hygiene brands. Huhtamaki also makes egg cartons and trays, fruit trays and cup carriers.
Ahlstrom Oyj is a manufacturer of fiber-based products. Renewable fibers represent about 95% of Ahlstrom's total fiber use.
Libresse is a brand of Essity, specializing in products for period and daily intimate care. Libresse is a global brand, operating under a number of different names in local markets – Bodyform, Nana, Nuvenia, Saba, Nosotras, Libresse, and Libra.
The Tasman Mill site is a pulp and paper mill located on Fletcher Avenue just outside the town of Kawerau in New Zealand. The Tasman Mill site is the largest single employer in the Eastern Bay of Plenty region. Three pulp or paper companies previously operated in Kawerau: Norske Skog operated the mechanical pulp mill and newsprint paper mill; Oji Fibre Solutions, formerly Carter Holt Harvey, operated the kraft pulp mill; and SCA who manufacture tissue and base paper.
Vinda International Holdings Limited is a major hygiene company in Asia. Its tissue paper products with brand name "Vinda" has been recognized as a "China famous brand". Its headquarters is in the Donghou Industrial Development Zone in Huicheng Town in Xinhui District, Jiangmen, Guangdong.
Kruger Inc. is a Canadian private company which manufactures publication papers, lumber and other wood products, corrugated cartons from recycled fibres, green and renewable energy, and wines and spirits. Kruger Inc. operates facilities in Québec, Ontario, British Columbia, Newfoundland and Labrador, and the United States. KP Tissue, Inc. is a separate, publicly traded holding company, headquartered in Mississauga, Ontario, Canada.
Mr Green is an international online gambling company founded in 2007. Its product offering includes sports betting and online casino. In January 2019, Mr Green was acquired by William Hill for £242m. In July 2022, William Hill was subsequently acquired by Evoke plc for £2.2 billion.
Sinch AB, formerly CLX Communications, is a communications platform as a service (CPaaS) company which powers messaging, voice, and email communications between businesses and their customers. Headquartered in Stockholm, Sweden, the company employs over 4000 people in more than 60 countries.
Sofidel is an Italian multinational producer of tissue paper for sanitary and domestic use. The Sofidel Group was founded in 1966. It is one of the world leaders in the tissue paper market and the second largest producer in Europe behind Essity. The privately held company is owned by the Stefani and Lazzareschi families, has subsidiaries in 13 countries and more than 6,600 employees.
Fine Hygienic Holding, is a wellness company with dual headquarters in Amman, Jordan and Dubai, UAE, founded in 1958 by Elia Nuqul. Its current CEO is James Michael Lafferty. FHH mainly specializes in the production of wellness and hygienic products, including sterilized facial tissues, kitchen towels and toilet paper, baby and adult diapers, as well as natural, healthy beverages after obtaining a majority stake in the Arabian natural food and beverage brand, Nai Arabia Food Co, and a recent addition of personal protective equipment (PPE), germ protection solutions and nutrition supplements. FHH employs over 3,000 people of more than 30 different nationalities, operating in Jordan, Egypt, Saudi Arabia, the UAE, and serves over 80 markets across the Middle East, Africa, Europe, Asia, and the United States.
A/S SABA, later SABA Mölnlycke A/S (1986–1996), was a Norwegian company that produced hygiene products such as menstrual pads, tampons, diapers, incontinence products and wet wipes. The company later became part of Sca Mölnlycke, Sca Hygiene Products, and Essity in turn; the name Saba is currently owned by Essity and used for a brand of feminine care products. The company was established in 1945 at Råel in the present-day municipality of Tønsberg, Vestfold. For a time, Saba had several hundred employees and was considered a cornerstone company in the district.