Stora Enso

Stora Enso

Stora Enso has signed an agreement to divest its Maxau paper production site in Germany, and all related assets to Schwarz Produktion. The enterprise value is approximately Euro 210 million. Closing is expected in the beginning of 2023, at the latest, subject to regulatory approvals.

Stora Enso acquires De Jong Packaging Group, based in the Netherlands, for an enterprise value of approximately Euro 1,020 million. This acquisition will advance Stora Enso’s strategic direction, accelerate revenue growth and build market share in renewable packaging in Europe.

Stora Enso and Northvolt have entered into a Joint Development Agreement to create sustainable batteries using lignin-based hard carbon produced with renewable wood from the Nordic forests. The aim is to develop the world’s first industrialised battery featuring anode sourced entirely from European raw materials, lower...

Kati ter Horst, Executive Vice President, Paper Division and a member of the Group Leadership Team, has decided to leave Stora Enso as of 1 July 2022. After more than 25 years with the Company, she will now pursue career opportunities outside of Stora Enso.

Stora Enso estimates that the previous full year 2022 operational EBIT guidance will be exceeded. Hence, the Company changes its full year 2022 operational EBIT guidance to be higher than the full-year 2021 of Euro 1,528 million. The previous guidance for the full year 2022 was an operational EBIT to be approximately i...

Stora Enso and wood technology company Modvion are partnering to establish wood as the material of choice for wind turbine towers. The collaboration’s purpose is to demonstrate the vast possibilities in using wood in demanding constructions.

Stora Enso has launched a comprehensive biodiversity programme and related targets for its land holdings in Sweden. The programme, which covers the Company’s forest land in Sweden, has five focus areas, each with specific actions and measurable targets for 2030.

Stora Enso invests in ACDF Industrie SAS and becomes a 35% shareholder of the French wood processing company. ACDF Industrie SAS’ investment in a second production line is developing according to plan. It will increase the capacity of mass timber elements and it will be ready in February 2023.

Andritz has received an order from Stora Enso to rebuild bleach plant №4 at its Skutskär Mill in Sweden. Delivery is on EPC basis and includes the installation of two COMPACT PRESS wash presses, a new reactor, an effluent fiber filter, and MC equipment. Start-up is scheduled for the 2Q 2023.

Stora Enso will invest Euro 10 million at its Enocell pulp mill in Finland to replace fossil-based heavy fuel oil with renewable pitch oil. The investment scope at Enocell Mill includes a pitch oil tank, foundations and leaking basin, pumping house with pumps, unloading station, new pipelines, heaters, and automation.

Stora Enso has entered into an agreement to divest its two sawmills in Russia. The Company’s Nebolchi and Impilahti sawmills will be divested to local management. In addition, the divestment includes Stora Enso’s Russian forest operation which through its harvesting supplies wood to the sawmills.