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.
Company will withdraw from Russia completely and will continue to implement the withdrawal in stages as the review of implementation options is fully completed.
How the world wood markets will change and what the Russian forest based industry will lose. The new report provides a detailed picture of how the global markets for wood products have changed in January-April 2022, and what consequences the war has had for Russian companies. It presents also the forecasts of the owner...
After the start of the war, Siemens put all new business in and international deliveries to Russia and Belarus on hold. The comprehensive international sanctions, as well as current and potential countermeasures, impact the company’s business activities in Russia, particularly rail service and maintenance.