Stora Enso

The European Investment Bank (EIB ) has signed a Euro 150 million loan agreement with Finnish renewable materials company Stora Enso. The financing will support the conversion of a former pulp and paper mill in the Finnish city of Oulu, from production of wood-free coated printing paper, into packaging board manufactur...

Silvestica Green Forest Sverige AB has entered an agreement with Stora Enso Skog to acquire 5,200 hectares of forest land the 27th of January. 1,400 hectares of minor properties will be sold to local buyers. Silvestica will keep the bigger properties 3,800 hectares.

Stora Enso has signed an agreement to divest forest assets located in southern Sweden to the forestry fund Silvestica Green Forest AB. The total area of forest land in the transaction is approximately 5,200 hectares. The selling price is approximately SEK 940 million (Euro 90 million).

Stora Enso has decided to invest in centralising and modernising the wood handling capacity at its Imatra mills in Finland. The investment of Euro 80 million will enhance Stora Enso’s production capabilities for premium packaging board. The investment is planned to start in 1Q 2021 and to be completed in 3Q 2022.

Stora Enso is investing Euro 14 million to build a granulation and packing plant for lignin, allowing easier packing and handling of lignin compared to powder and wet form. The granulation plant will be located at Stora Enso’s Sunila Mill in Finland. The construction of the granulation plant is estimated to begin by th...

Stora Enso has appointed Tobias Bäärnman, Chief Strategy and Innovation Officer, as a member of the Group Leadership Team. He joined Stora Enso in 2017, first as SVP Controlling, Strategy and IT for Consumer Board division. Stora Enso has also appointed Teemu Salmi, CIO and Head of IT & Digitalisation, as a member of t...

Stora Enso's paper machines in Oulu, Finland have now ceased production. The Oulu Mill is currently being converted into kraftliner business and the plan is to start kraftliner production by the end of 2020.

Stora Enso has selected UMV as the supplier of an offline coating section to be installed at their Forshaga site in Sweden. The delivery includes all equipment for application of dispersion barriers including mechanical installation, the order value are undisclosed. Start-up and commission will take place in the 2Q 202...