Displaying items by tag: Stora Enso

Stora Enso’s Sustainability Report 2018 was chosen as the best in Finland in a competition organised by an independent group of expert organisations.

Stora Enso’s Sustainability Report won Finland’s best sustainability report of the year award. The report was particularly recognised for strong external assurance and describing risks and opportunities. The report was, amongst other things, also praised for the description of the Group’s strategy contributing to a low carbon future.

stora new1“We are proud that our efforts in transparent reporting have been acknowledged. Our report reflects our sustained focus on topics that ensure a positive contribution to society and address our long-term opportunities and challenges,” says Noel Morrin, EVP Sustainability at Stora Enso.

“A good report must be highly informative and coherent, but also easy to use and continuously developed. As a sustainability driven company, we value this recognition highly,” says Ulrika Lilja, EVP Communications at Stora Enso.

The Stora Enso Annual Report 2018 consists of Strategy, Financials, Sustainability, and Governance. All parts of the Annual Report are available at storaenso.com/annualreport.

The annual sustainability report review has been organised since 1996. This year it was carried out in co-operation with Aalto University, Climate Leadership Coalition, Finland's Sustainable Investment Forum (Finsif), Hanken, Nasdaq, The Finnish Association of Auditors, The Association for Environmental Management, the Ministry of the Environment, and the corporate responsibility network FIBS. This year, a total of 47 sustainability reports from different organisations were evaluated.

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 26 000 employees in over 30 countries. Our sales in 2018 were EUR 10.5 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com 

Published in European News
Friday, 22 November 2019 11:14

Intelligent Pulp Solution by Stora Enso

Unlock the hidden value – achieve full traceability across the pulp supply chain.

Stora Enso produces yearly over 9 million tons of pulp in different grades and more than 2 million tons of that is sold globally. Based on our long history in the pulp business, we see a lot of hidden value in the pulp value chain. The lack of visibility and unit level traceability inhibits companies to realize the full value of the pulp.

With Stora Enso’ s complete solution for the pulp industry, our clients can achieve full traceability across the value chain, unlocking value for producers, transporters, warehouse operators and consumers.

We offer a turn-key solution with everything from RFID tags and reading equipment to software and services. Read more about our solutions to see what they can do for your business.

Turn-Key solution by Stora Enso

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Pulp Solution overview

Our solution starts and ends with our unique pulp industry-specific tag, ECO Bale. ECO Bale is a paper-based, repulpable, and fully water-soluble RFID tag with superior performance in the pulp supply chain.

ECO Bale is designed and optimized for tagging pulp bales and complies with the special requirements of the pulping process. Applied to the pulp bale, ECO Bale enables end-to-end traceability until the tagged bale enters the papermaking process and dissolves.

To efficiently apply ECO Bale to the pulp bale, we have developed the Stora Enso Pulp Industry Hammer System, consisting of the Hammer Central Unit, an off-the-shelf industrial-grade label applicator and RFID accessories. The Hammer system has been designed and built to maximize system uptime. All selected components are suitable for industrial environments with no compromises.

The Hammer System, in operation, will do (1) quality control of the tag (2) automated removal of under-performing tags (3) tag encoding (4) encoding data transmission to the selected database (5) tag encoding verification by integrated RFID reader and (6) tag application to the bale unit.

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To read the RFID tagged Bale units at different points in the pulp value chain, Stora Enso offers pre-designed and tested Sonar reading systems for clamp trucks, gate reading points and much more. At every reading point, the data is captured by our Bridge Middleware for use in production and supply chain applications. The captured data may be fed via the Bridge Edge Server to our customers’ systems and/or to the Bridge Cloud.

Stora Enso provides tailored and secure Bridge Cloud portals for monitoring and tracking the pulp supply chain from manufacturers to consumers. 

For all hardware and software components of the solution, we offer installation, integration and maintenance services, ensuring an industry-grade, turn-key solution for our customers.

Download Intelligent Pulp Solution brochure (PDF)

Published in European News
Wednesday, 06 November 2019 08:55

Stora Enso’s website ranked best in sector

Stora Enso’s website has been rated best in sector according to the latest annual Webranking report by the Swedish digital agency, Comprend. The annual ranking of over 500 company-websites is the only global ranking based on stakeholder expectations, and is a leading benchmark for corporate websites.

This year, Stora Enso ranked first in the “Basic Resources” sector. Particular praise was given to Stora Enso’s sustainability information in matching stakeholder expectations.

stora new 2017“Sustainability is one of Stora Enso’s strongest suits, and an increasingly important ranking factor among all stakeholders, including capital markets and job-seekers,” says Helena Wennergren, Head of Research at Comprend.

“We are very happy with the results from this year’s ranking,” says Ulrika Lilja, EVP Communications at Stora Enso. “Our new website was launched just over a year ago, and we have worked systematically with user input and data to make sure we meet and exceed the expectations of our stakeholders. The fact that our sustainability information scored particularly well once again illustrates that sustainability is at the core of our business and we are committed to communicating it in a clear and transparent way.”

For further information, please contact:
Ulrika Lilja
EVP, Communications

tel. +46 72 221 9228

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 26 000 employees in over 30 countries. Our sales in 2018 were EUR 10.5 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com 

Published in European News

Stora Enso has completed the divestment announced on 25 July 2019 of its 60% equity stake in the Dawang Mill in China to its joint venture partner, Shandong Huatai Paper.

stora new 2017The transaction will not have any material impact on Stora Enso’s operational EBIT. Following the transaction, Stora Enso’s net debt will decrease by approximately EUR 22 million and annual sales by approximately EUR 60 million.

After this transaction, Stora Enso has no paper production in China.

Investor enquiries:
Ulla Paajanen
SVP, Investor Relations
tel. +358 40 763 8767

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 26 000 employees in over 30 countries. Our sales in 2018 were EUR 10.5 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com

Published in financial News

Stora Enso plans to make organisational changes in the Paper division following the Oulu Mill conversion at the end of 2020. The planned changes could result in a reduction of a maximum of 135 employees in the Paper division.

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Stora Enso’s Paper division is planning to make organisational changes to improve competitiveness and ensure efficient customer service after the Oulu Mill conversion for production of kraftliner for packaging. The planned changes would primarily affect commercial functions and operations support. The planned changes could result in a reduction of a maximum of 135 employees in the Paper division by the end of 2020.


The new organisational set-up is expected to be complete in the first quarter of 2021. The transition to the new organisation will take place in phases to ensure good customer service.

No decisions regarding the planned changes will be taken, nor will there be any redundancies until the appropriate co-determination negotiations have been concluded.

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 26 000 employees in over 30 countries. Our sales in 2018 were EUR 10.5 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com 

Published in European News

Stora Enso’s Board of Directors has appointed Annica Bresky, 44, as the new President and CEO of the company as of 1 December 2019. Until then, Stora Enso’s current CEO Karl-Henrik Sundström continues in his position. Bresky is currently Head of Stora Enso’s Consumer Board division.

Annica BreskyAnnica Bresky“We are very happy to welcome Annica Bresky into her new position. Annica brings extensive experience of our industry and has a solid business background. We consider her the most suitable person to continue developing Stora Enso’s strategy and businesses. She has a proven track record of driving growth and operational excellence and has a strong focus on customers and innovations. She is well equipped to lead the transformation of our sustainable renewable materials company,” says Stora Enso’s Chair of the Board of Directors, Jorma Eloranta.

“I am very honoured to have this opportunity. I am looking forward to continuing to build the future of Stora Enso together with our competent teams across the company. We are well positioned to grow with our customers and support their business with sustainable and innovative solutions. Together with my Stora Enso colleagues, our customers and our partners all over the world, we will accelerate our efforts as a front runner in combatting global warming,” says Annica Bresky, CEO-designate.

“I have enjoyed my time with Stora Enso tremendously and am very happy to hand over the torch to Annica. I wish her the best of luck in her new role. My focus for the remaining months will be to support a smooth transition of the leadership responsibilities,” resigning CEO Karl-Henrik Sundström says.

“Karl-Henrik has been the driving force in developing Stora Enso into an industry leader in sustainability and innovation. The Board of Directors highly appreciates his valuable contributions during his years with the company,” Jorma Eloranta concludes.

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 26 000 employees in over 30 countries. Our sales in 2018 were EUR 10.5 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com

Published in European News

For the second year running, Stora Enso’s Sustainability Report 2018 has been included in the top ten sustainability reports globally according to the latest Reporting matters publication by the World Business Council for Sustainable Development (WBCSD). 

In WBCSD’s Reporting matters publication, Stora Enso’s Sustainability Report is recognised as good practice for being clearly aligned with the company’s materiality assessment. The report’s navigation and language also received good feedback for ensuring consistency and conciseness while remaining informative.

stora new 2017“We are proud to see our reporting being recognised as good practice,” says Noel Morrin, EVP Sustainability at Stora Enso. “We believe that instead of reporting on everything, companies should focus on material topics, defined together with key stakeholders. We are happy to see that approach being acknowledged.”

“Good reporting is clear, highly informative, and transparent, and it should be continuously developed. In our report, we strive to share fact-based information about sustainability and our performance while remaining compelling and engaging,” says Ulrika Lilja, EVP Communications at Stora Enso.

“Stora Enso’s 2018 Sustainability Report shows a clear alignment between the outcomes of their materiality assessment and the content of the report. Some particularly strong aspects of the report include the focus on the external environment and the comprehensive disclosure of internal management of material issues across the value chain. We hope other companies will see Stora Enso as an example of good practice,” says Rodney Irwin, Managing Director of Redefining Value, WBCSD.

The WBCSD produces Reporting matters to help improve the effectiveness of non-financial corporate reporting. The report lists Stora Enso’s Sustainability Report as one of the top ten in the world out of the 159 reviewed in the scope of the publication without disclosing the exact rankings.

The Stora Enso Annual Report 2018 consists of Strategy, Financials, Sustainability, Governance, and Summary. All parts of the Annual Report are available in PDF format at storaenso.com/annualreport.

WBCSD’s Reporting matters publication is available here.

Part of the bioeconomy, Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions, and paper globally. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 26 000 employees in over 30 countries. Our sales in 2018 were EUR 10.5 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com 

Published in European News

As one of the first companies in its industry, Stora Enso has implemented 5G technology to enable high density (HD) 360° camera solutions in their production environment. On 16 September, this solution was awarded second place in the Industry of Things World Award 2019 – in the category “Best implementation of IIoT* technology on the shop floor”.

The 5G technology enables deployment of applications requiring fast and powerful wireless connections, such as augmented- and virtual reality applications, as well as real-time 360° camera solutions. The newly implemented 360° cameras, in Stora Enso’s production environment, are utilised to produce high density (HD) video streams which can be viewed in real-time and enabling fast, reliable remote monitoring.

5G HDcamera5G HDcamera

“Stora Enso has set out to be a pacemaker of IoT within our industry. This award is proof that we are continuing to be a forerunner within digital innovation and that we are building digital into the fabric of our company. Our digitalisation programme is a key component in securing our long-term leadership position as the renewable materials company,” says Teemu Salmi, Stora Enso’s CIO and Head of Digitalisation.

The 5G connection, in combination with the 360° video stream, means that all necessary information is easily and visually at the disposal of Stora Enso experts all around the world. When something unexpected happens, the video stream gives a real-time view and information of the event, irrespectively of geographical distance.

“This solution will help us in achieving key targets – such as optimising efficiency, flexibility, and availability in our production. In addition, it will also allow us to increase safety as trainings can be completed remotely prior to entering the physical production environment,” says Marko Yli-Pietilä, Stora Enso’s Head of Smart Operations.

For Stora Enso, this is only the beginning as the 5G technology will also enable other applications. For future operations, Stora Enso is piloting autonomous vehicles and machines which can be controlled remotely thanks to the low latency of 5G.

*Industrial Internet of Things

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 26 000 employees in over 30 countries. Our sales in 2018 were EUR 10.5 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com

Published in European News

Stora Enso plans to consolidate the Finnish spruce (whitewood) production to Varkaus sawmill. The plan includes a permanent closure of Kitee sawmill and production increase to Varkaus. The objective is to improve profitability and competitiveness by creating a fully integrated sawmill for spruce production in Varkaus, optimising the synergies from the existing LVL (Laminated Veneer Lumber), pulp and board mills.

The consolidation plan is part of Stora Enso’s profit protection programme of EUR 120 million targeting reductions in variable and fixed costs. The possible consolidation is subject to completion of the co-determination negotiations at Kitee sawmill which will start in August. The production at Kitee sawmill is planned to be stopped gradually until the end of 2019.

stora new 2017“The planned consolidation would enable us to optimise the full potential of Varkaus mill as an integrated mill, delivering a variety of value added wood products such as further processed sawn wood and LVL. This would provide us possibilities for improved product mix, stronger R&D and innovation as well as opportunities for efficient and automatised production. In Varkaus we also see strong synergies with Stora Enso’s pulp and board mills when it comes to shared raw material, logistics, infrastructure and energy usage. This consolidation would further enhance Stora Enso’s position as a global provider of high quality wood products and innovative wood-based solutions”, says Jari Suominen, Head of Stora Enso’s Wood Products division.

At Kitee sawmill the planned closure would result in a reduction of maximum 85 FTEs (full-time equivalents). Varkaus sawmill and LVL mill currently employ a total of 105 people. An increased production in Varkaus would require an additional 20 FTEs. Decisions regarding the planned consolidation, closure and employee reduction will be taken after the co-determination negotiations have been concluded.

Stora Enso will record restructuring related costs and write-downs of EUR 11 million as an item affecting comparability (IAC) in the second quarter 2019 results. Approximately EUR 5 million of the provisions will have a cash impact.

The planned closure would not have a significant impact on Group sales or operational EBIT this year.

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 26 000 employees in over 30 countries. Our sales in 2018 were EUR 10.5 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com

Published in European News

Stora Enso has decided to invest approximately EUR 350 million to convert the Oulu paper mill in Finland into packaging production. The investment includes converting paper machine 7 into high-quality virgin-fibre-based kraftliner production, and the closure of paper machine 6 and sheeting plant. Production on the converted machine is estimated to start by the end of 2020.

“The conversion of Oulu Mill will enable Stora Enso to further improve its position in the growing packaging business and take a major step forward in its transformation. We have proven competence in running large conversion projects successfully, as we have already converted one paper machine at Varkaus Mill to produce kraftliner,” says Stora Enso’s CEO Karl-Henrik Sundström.

The typical end uses for kraftliner are in packaging segments that require high strength, quality and purity, such as food, fruit and vegetables as well as heavy duty packaging. Production will target global export markets.

“Economic growth, sustainability and food safety are key market drivers in the packaging business. This conversion will allow us to provide customers with an innovative kraftliner product with high-performance qualities in terms of strength, printability and food safety,” says Gilles van Nieuwenhuyzen, EVP, Stora Enso’s Packaging Solutions division.

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To transform Stora Enso further from declining and low EBITDA business to growing higher profitability business, the Group will invest approximately EUR 350 million in the conversion during 2019–2022. This will increase the Group’s earlier estimated capital expenditure for 2019 from EUR 540–590 million to EUR 610–660 million. The market dynamics of woodfree coated paper have deteriorated further, and therefore Stora Enso must accelerate its transformation by increasing capital expenditure from the earlier estimate. Following the conversion, Oulu Mill’s EBITDA margin is expected to improve by 15–20 percentage points, once the kraftliner machine is running at full capacity approximately four years after start-up. At full capacity, the investment is expected to meet the Packaging Solutions division’s profitability target, operational return on operating capital (ROOC) of 20%.

The investment will include a new world-class line for virgin-fibre based kraftliner (both brown and white-top) with an annual capacity of 450 000 tonnes, the modification of the pulp mill and drying machine for unbleached brown pulp, as well as investments to enhance the mill’s environmental performance. The project will start with ground work in the summer of 2019, and about 200 contractors will work at the Oulu Mill site during the project.

The converted Oulu Mill will directly employ approximately 180 people. Wood consumption at the mill will increase by 0.5 million m3 to 2.4 million m3 annually. Wood will be purchased mainly from private forest owners in Northern Finland.

As an outcome of the co-determination process started on 25 March 2019, 365 people will be permanently laid off. The initial estimate on the maximum number of employee reductions was 400 people. The redundancies will mainly take place by the end of year 2020, when Oulu Mill will cease to produce woodfree coated papers. Stora Enso will provide support to the people who will not continue working at the Oulu Mill after the conversion. At maximum 20% of the redundancies can be managed through pension arrangements.

“We will be working closely together with other Stora Enso locations, the city of Oulu and other stakeholders to support in re-employment for those employees who will not have a position in the new organisation. Our support will include outplacement services as well as individual and group trainings for re-employment. We will also offer financial support for employees starting up their own companies,” says Kati ter Horst, EVP, Stora Enso’s Paper division.

Stora Enso will book a cost of EUR 31 million as an item affecting comparability (IAC) relating to layoffs, restructuring expenses, asset write-downs and impairment reversals, of which EUR 7 million will be recognised in the second quarter of 2019 and EUR 24 million in the following five quarters. The restructuring related costs will have a cash impact of approximately EUR 19 million when paper production at the mill ends.

Oulu Mill’s current capacity is 1 080 000 tonnes of woodfree coated papers annually. Typical end-uses for woodfree coated papers are e.g. high-quality advertising and magazines. Paper production is expected to continue until the end of September 2020.

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 26 000 employees in over 30 countries. Our sales in 2018 were EUR 10.5 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com 

Published in European News
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