Munksjö has signed an agreement for the divestment of its 60% shareholding in Hebei Minglian New Materials Technology Co., Ltd. to Mr. Shi Jinhuan, one of the founders and co-owner of the current minority shareholder, Hebei Minglian Project Management Partnership. Closing of the transaction is expected in October.

The transaction is part of Munksjö’s strategy to focus the resources on its core operations and enhance competitiveness in the global decor paper and high-performance paper solutions markets. By transferring ownership to a dedicated local partner, the Xingtai plant will benefit from strong, long-term commitment and continuity.

Munksjö will continue to serve local customers with advanced decor paper solutions supplied from its European sites and supported by the local sales office in Shanghai.

“China remains an important market for Munksjö,” said Manfred Bracher, CEO of Munksjö. “Through our strong production capabilities in Europe and our local commercial presence, we are well-positioned to continue delivering premium solutions to Chinese manufacturers seeking for high-quality decor papers. I want to thank our colleagues at the Xingtai plant for their contributions and collaboration.”

This divestment reflects Munksjö’s focus on innovation, sustainability, and global customer support, ensuring that resources are aligned with long-term growth opportunities.