Svenska Cellulosa Aktiebolaget: Cooperation with BioGaia
Svenska Cellulosa Aktiebolaget (SCA) (STO:SCAA)(STO:SCAB) has entered into a long-term cooperation agreement with BioGaia with the aim of developing new health-oriented products. The objective is to combine BioGaia's expertise in the field of probiotic bacteria and applications technologies with SCA's distribution network and know-how in the area of hygiene products.
"Probiotic bacteria are microorganisms that confer various types of health benefits. SCA is already active in this area and holds a number of interesting patents. By applying BioGaia's work methods, we hope to transform these concepts into commercially viable products," says Ingela Torstensson, head of global research for SCA's hygiene products.
One example of a research area is the potential of probiotic bacteria to prevent urinary tract infections, which is very common among women suffering from incontinence.
The agreement enables the companies to share know-how in related areas, but from completely different perspectives. SCA is one of the largest companies in personal care products, with the Libresse and TENA brands. As global market leader for incontinence products, Ingela Torstensson believes that it is particularly relevant for SCA to pursue development beyond the current work boundaries:
"The cooperation is a good example of open innovation, which in this case means that we take ideas from our own company and identify an external environment that offers optimal development potential. It is clear that we have complementary expertise and, given our knowledge of innovation programmes, it would not be surprising if we were to achieve results in entirely unexpected areas." BioGaia is listed on the small cap segment of the Nasdaq OMX Nordic Stockholm.
SCA is a global hygiene and paper company that develops and produces personal care products, tissue, packaging solutions, publication papers and solid-wood products. Sales are conducted in some 100 countries. SCA has many well-known brands, including the global brands Tena and Tork. Sales in 2009 amounted to SEK 111 billion (EUR 10.5 billion). SCA has approximately 45,000 employees.
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