Stora Enso will invest a total of approximately Euro 70 million in a new polyethylene (PE) extrusion coating plant and an automated roll warehouse (ARW) at Imatra mills in Finland, as the company says in the press release received by Lesprom Network.
Extrusion coating is a process used to enhance the functionality of paperboard packaging by creating barrier properties for demanding applications such as food and liquid.
The investment will enhance Stora Enso’s ability to meet increasing customer demand for food service board and liquid packaging board, which is estimated to grow above industry standard.
The investment will begin in 2Q 2016 and is expected to be completed in early 4Q 2017. This is in line with the group’s full year 2016 capital expenditure guidance, which is anticipated to amount to Euro 680–720 million as communicated earlier.
Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wood and paper on global markets.
