HELSINKI, Finland, June 14, 2013 (GLOBE NEWSWIRE) -- STORA ENSO OYJ STOCK EXCHANGE RELEASE 14 June 2013 at 9.00 EET
Stora Enso is investing approximately EUR 32 million in Skoghall Mill in Sweden. The investment primarily pertains to rebuilding of a fibre line in the sulphate pulp mill and its chemical recovery operations, thereby increasing the mill's pulp production capacity by 45 000 tonnes per year.
"The investment will equip Skoghall Mill with new potential for increasing operational efficiency to enhance our competitiveness in the attractive packaging market," says Mats Nordlander, EVP, Stora Enso Renewable Packaging.
The project will begin immediately and is expected to be completed in October 2014. This investment is additional to the recent investment of approximately EUR 90 million in a new woodroom and woodyard for improved wood handling at the mill. The investment will enable Skoghall Mill to increase production volumes and improve its cost position.
For further information, please contact:
Mats Nordlander, EVP, Stora Enso Renewable Packaging, tel. +46 1046 72703
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242
Tommy Borglund, SVP Communication, Stora Enso Renewable Packaging, tel. +46 1046 71709
Stora Enso is the global rethinker of the paper, biomaterials, wood products and packaging industry.We always rethink the old and expand to the new to offer our customers innovative solutions based on renewable materials. Stora Enso employs some 28 000 people worldwide, and our sales in 2012 amounted to EUR 10.8 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) in the International OTCQX over-the-counter market.
STORA ENSO OYJ
Source:Stora Enso Oyj