BillerudKorsnäs

What BillerudKorsnäs does

BillerudKorsnäs AB (Nasdaq Stockholm: BILL) is a Sweden-based, publicly listed producer of fiber-based packaging materials, graphic and label papers, and market pulp. The company was formed in 2011 from the merger of Billerud AB and Korsnäs AB, and its registered head office is in Solna, Sweden. It operates nine integrated production units across Sweden (Frövi/Rockhammar, Gruvön, Gävle, Karlsborg, Skärblacka), Finland (Pietarsaari), and the United States (Escanaba, Quinnesec, Wisconsin Rapids), with the Gävle site functioning as the flagship liquid packaging board asset and the North American footprint established through the 2022 acquisition of Verso Corporation for approximately $825 million.

The product portfolio spans packaging materials (cartonboard, containerboard, sack paper, kraft paper bags, flexible and medical kraft papers, formable paper, and liquid packaging board), graphic and label papers (coated sheets, web papers, caliper webs, coated digital, inkjet, and label papers), and pulp (hardwood and softwood). The company sells into four primary verticals: food and beverages, consumer and luxury, industrial, and medical and hygiene. Brand-name differentiators include QuickFill® Plus Xcel for formable packaging and proprietary automation stacks (ABB Ability System 800xA at Gävle), and the business holds SBTi-approved 2030 and 2050 climate targets.

Revenue is generated through B2B direct sales to industrial brands, converters, and packaging customers in Europe and North America, with quote-based pricing, regional sales organizations (Region Europe and YourBillerud in North America), and self-serve customer e-portals (Customer E-portal, Web BonD, Arena). The company employs 5,001-10,000 people, is listed on Nasdaq Stockholm, and reports in SEK; quarterly run-rate revenue was approximately SEK 9-10 billion in late 2025 and early 2026, with margins under sharp pressure in Europe (single-digit EBITDA margins) but resilient in North America (mid-to-high teens EBITDA margin).

Name

BillerudKorsnäs

Legal name

BillerudKorsnäs AB

Website

https://billerudkorsnas.com

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

BillerudKorsnäs AB is a Sweden-headquartered, Nasdaq Stockholm-listed producer of fiber-based packaging materials, graphic and label papers, and market pulp, operating nine mills across Sweden, Finland, and the United States and selling to industrial brands and converters in food and beverages, consumer and luxury, industrial, and medical and hygiene sectors.

Ownership category

akta.pro rank

Product category

Industrial Paper & Packaging Materials

NAICS

Paperboard Mills (322130), Pulp, Paper, and Paperboard Mills (3221), Pulp Mills (322110)

SIC

Paperboard Mills (2631), Paper Mills (2621), Pulp Mills (2611)

akta.pro primary industry

Folding Carton Board (FBB) Manufacturing (IMAMAFAH)

akta.pro secondary industries

Virgin Containerboard (Kraft Linerboard) Manufacturing (IMAMAFAA), Recycled Containerboard (Testliner) Manufacturing (IMAMAFAB), Market Pulp (Bleached Hardwood/Softwood Kraft) (IMAMADAA), Folding Carton & Paperboard Packaging Printing (IMALAKAH)

Keywords

• Fiber-based packaging
• Paperboard manufacturing
• Containerboard materials
• Liquid packaging board
• Industrial kraft paper

Headquarters

HQ city

Solna

HQ country

Sweden

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Paper and Packaging Materials Sales: Manufacture and sale of paper and packaging materials including cartonboard, containerboard, sack paper, kraft paper bags, liquid packaging board, and graphic/label papers. Revenue generated through direct B2B sales to industrial customers.
2. Pulp Products: Production and sale of hardwood and softwood pulp to industrial customers.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

BillerudKorsnäs manufactures and sells fiber-based packaging materials and pulp, including cartonboard, containerboard, sack paper, kraft paper (bags, flexible, medical, speciality), formable paper, liquid packaging board, graphic and label papers, plus hardwood and softwood pulp. Products are sold B2B to industrial customers across food & beverages, consumer & luxury, industrial, and medical & hygiene sectors, produced at 9 manufacturing facilities in Sweden, Finland, and the United States.

Product overview

BillerudKorsnäs operates as a paper and packaging materials company offering a diversified portfolio organized into packaging materials, graphic and label papers, pulp, and North America-specific offerings. The packaging materials segment includes cartonboard, containerboard, various kraft paper variants (bags, flexible, medical, speciality), formable paper, and liquid packaging board. The graphic and label papers division covers coated sheets, web papers, digital papers, inkjet papers, and label papers. Pulp products include hardwood and softwood varieties. The portfolio is distributed regionally with specific North American cartonboard and containerboard products, serving industries including food & beverages, consumer & luxury, industrial, and medical & hygiene sectors.

Differentiator

Problem solved

Functional benefit

Brands

• QuickFill Plus Xcel: Formable paper product designed for faster, more efficient filling with reduced dust and fewer breakages

Products and services

• Cartonboard Paperboard packaging material used for cartons and folding boxes for food, beverages, consumer goods, and industrial applications.
• Containerboard Paperboard material for corrugated packaging, including liner and medium grades for box manufacturing.
• Sack Paper High-strength paper for industrial sack applications requiring durability and tear resistance.
• Kraft Paper Bags Paper-based bags for retail, grocery, and industrial packaging applications.
• Kraft Paper Flexible Flexible kraft paper for wrapping, lamination, and conversion applications.
• Kraft Paper Medical Specialized kraft paper meeting medical and pharmaceutical packaging requirements.
• Kraft Paper Speciality Customized specialty kraft papers for niche industrial applications.
• Formable Paper Paper materials designed for formable packaging applications including thermoformed and cold-formed solutions.
• Liquid Packaging Board High-performance board for aseptic liquid packaging applications, produced at the Gävle mill.
• Hardwood Pulp Cellulose fibers from hardwood sources for papermaking and specialty applications.
• Softwood Pulp Long fiber cellulose pulp from softwood sources providing strength properties for paper and packaging.
• Coated Sheets Coated paper sheets for printing and publishing applications.
• Web Papers Coated web papers for commercial printing and publishing on web presses.
• WC Caliper Web Weighted caliper web papers for specific thickness requirements in printing.
• Coated Digital Coated papers optimized for digital printing technologies.
• Inkjet Papers Papers engineered for inkjet printing applications with optimized ink absorption and color reproduction.
• Label Papers Papers designed for label and tag manufacturing.
• Cartonboard North America Cartonboard products specifically available for the North American market.
• Containerboard North America Containerboard products specifically available for the North American market.
• QuickFill® Plus Xcel High-performance packaging solution designed for faster, more efficient filling with reduced dust, fewer breakages, and stronger paper properties.

Quantifiable outcome

• Reduced dust, fewer breakages, and stronger paper for higher productivity

Named customers1 record

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• ABBcoreTechnology or Integration · 23 February 2026ABB signed agreement to modernize Paper Machine 5 at Billerud's Gävle mill, one of its key sites for liquid packaging board and liner production. The contract delivers upgraded automation capabilities including ABB Ability™ System 800xA® distributed control system, new-generation AC800M controllers, refreshed quality control capabilities, and updated drive technology. Modernization aims to improve efficiency, strengthen cyber security, reduce energy and material use, and create foundation for future AI-enabled optimization.
• Verso CorporationcoreStrategic or Co-development Partner · 19 December 2021BillerudKorsnäs acquired Verso Corporation for approximately $825 million ($27 per share) to expand presence in North America. Transaction included conversion of Verso's Escanaba Mill into sustainable paperboard production site. Expected to close Q2 2022.

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Stora Enso: Finland-headquartered global paper and packaging manufacturer with renewable packaging materials including containerboard, packaging boards, and biomaterials. Highly comparable to Billerud across product mix (cartonboard, containerboard, kraft paper) and operating geographies (Europe-centric with significant Nordic capacity).
• UPM-Kymmene: Finnish forestry and paper group producing label materials, packaging papers, and pulp. UPM competes directly with Billerud in kraft paper, label paper, and pulp markets and shares a Nordic manufacturing footprint and large enterprise B2B customer base.
• Smurfit Westrock: Global leader in paper-based packaging following the merger of Smurfit Kappa and WestRock, with extensive containerboard and corrugated operations in Europe and the Americas. Directly comparable on containerboard and corrugated end-markets and represents the largest integrated competitor to Billerud post-Verso.
• Mondi Group: UK-listed packaging and paper group with integrated operations across corrugated packaging, kraft paper, and uncoated fine paper. Comparable to Billerud on kraft paper, containerboard, and B2B industrial packaging customer base across European end-markets.
• International Paper: Largest US-based containerboard and corrugated packaging producer and a direct North American competitor to Billerud's Verso-acquired assets (Escanaba, Quinnesec, Wisconsin Rapids). Overlaps heavily on containerboard, kraft paper, and pulp products serving the same industrial customer base.
• Packaging Corporation of America: US-based containerboard and corrugated products manufacturer. Directly comparable to Billerud's North American containerboard operations and competes for converters and brand-owner customers in similar end-uses.
• Graphic Packaging Holding Company: US-based producer of folding cartons, paperboard, and food/foodservice packaging. Directly comparable to Billerud's cartonboard and folding boxboard product lines serving food & beverage and consumer customers.
• Sappi Limited: South Africa-headquartered global producer of coated and uncoated graphic papers, packaging and specialty papers, dissolving pulp, and biomaterials. Competes directly with Billerud in graphic/label papers, packaging boards, and market pulp.

Emerging players

• Heinzel Group: Austrian industrial group with packaging paper (containerboard, kraft paper) and pulp operations across Europe. Smaller and more focused than Billerud but directly comparable on product categories and European market exposure.
• Domtar (Paper Excellence): North American pulp and paper producer owned by Paper Excellence, producing market pulp, printing and writing papers, and now expanding into packaging. Comparable on pulp, paperboard input materials, and North American footprint serving industrial customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/billerudab
• Facebookfacebook.com/billerudsweden
• LinkedInlinkedin.com/company/billerud
• Instagraminstagram.com/billerud_sweden
• Xx.com/billerudkorsnas

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BillerudKorsnäs