Displaying items by tag: Stora Enso

From the first quarter of 2015 onwards, Stora Enso will publish financial figures for its five divisions and its segment Other.

As announced on 18 December 2014, Stora Enso has reorganised its divisional and reporting structure. In Stora Enso, the IFRS reporting segments are formed by divisions except for the segment Other.The new structure is valid from 1 January 2015 onwards. Stora Enso will report financial figures for the divisions Consumer Board, Packaging Solutions, Biomaterials, Wood Products and Paper and the segment Other.

The former Renewable Packaging division has been split into two separate divisions: Consumer Board and Packaging Solutions. The Consumer Board division operates five board mills in Finland, Sweden and Spain. The operations of the Guangxi board mill project in China and the Bulleh Shah Packaging joint venture in Pakistan also belong to Consumer Board. Packaging Solutions operates container board mills in Finland and Poland and converting plants in ten countries in Europe and Asia, including Inpac Packaging in China and India.

The new structure in the packaging business is a further step towards strengthening Stora Enso’s focus on customers, business performance and growth. It also increases transparency in financial reporting.

The segment Other includes the Nordic forest equity-accounted investments, Stora Enso’s shareholding in Pohjolan Voima, operations supplying wood to the Nordic mills and Group shared services and administration.

The historical figures according to the new reporting structure are presented via this link....

For further information, please contact:
 Seppo Parvi, CFO, tel. +358 2046 21205
 Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242
 Ulrika Lilja, EVP, Global Communication, tel. +46 1046 71668
 
 www.storaenso.com
 www.storaenso.com/investors
 
 Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wood and paper on global markets. Our aim is to replace non-renewable materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 27 000 people in more than 35 countries, and our sales in 2014 were EUR 10.2 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) on the International OTCQX over-the-counter market.
 

Stora Enso has appointed Gilles van Nieuwenhuyzen as Executive Vice President of the Packaging Solutions division and Markus Mannström as Chief Technology Officer (CTO) to head up the new Group Technology function. They will be members of the Group Leadership Team, with the appointments being effective as of 16 March 2015.

Gilles van Nieuwenhuyzen is a Dutch citizen with extensive global business leadership experience in several industries, including food ingredients, biotechnology, chemicals and polymers. Most recently, since 2010, he has been working as President of the Enablers division at DuPont Nutrition & Health (formerly Danisco), based in Denmark. Previously, he worked in senior management positions at among others the Dutch food ingredients group CSM (now Corbion), Rexam (in coated films and papers), and DSM (in chemicals and polymers). Earlier, he worked at McKinsey & Company. He holds an MSc degree in Applied Physics and an MBA from INSEAD. Gilles van Nieuwenhuyzen will be based in Stockholm.

Markus Mannström is a Finnish citizen who has been at Stora Enso since 2001, working on several large investment and R&D projects, most recently as General Manager of Stora Enso’s Guangxi project in China. Prior to this, he held the position of SVP, Investments and Operations in Stora Enso’s Renewable Packaging division, where he also bore responsibility for R&D. From 2006 to 2009, he was responsible for Stora Enso’s investment processes, including fund allocation, project development and steering projects in progress. From 2001 to 2005, he was involved in two major paper machine investment projects.

Markus Mannström will head up the new Group Technology function, which will be responsible for coordinating Stora Enso’s R&D and innovation agendas, managing the Group’s investment processes, and leading Energy Services. He has an MSc degree in Paper Technology and is based in Helsinki.

“It is a great pleasure to welcome Gilles van Nieuwenhuyzen and Markus Mannström to the Stora Enso team. Throughout his career, Gilles has demonstrated a strong track record of accelerating growth through business development and market-oriented innovation. This is the type of experience we need to transform Stora Enso into a renewable materials growth company. Markus’ solid background in technology, investments and R&D is a valuable addition to our team. I am also pleased that we are able to nominate a current Stora Enso leader to this new key position,” says Stora Enso’s CEO, Karl-Henrik Sundström.

“I would like to thank Hannu Alalauri, who has been leading the Packaging Solutions division, for his strong contribution in developing our innovative fibre-based packaging. Hannu has had a long career in our paper and packaging businesses holding several key leadership positions and has been a valued member of our team. He has decided to look for opportunities outside Stora Enso,” says Sundström.

For further information, please contact:
Ulrika Lilja, EVP Global Communications, tel. +46 1046 71668

Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wood and paper on global markets. Our aim is to replace non-renewable materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 27 000 people in more than 35 countries, and our sales in 2014 were EUR 10.2 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) on the International OTCQX over-the-counter market.

Stora Enso has completed the divestment announced on 13 December 2014 of its Uetersen specialty and coated fine paper mill in Germany to a company mainly owned by the private equity fund Perusa Partners Fund 2.

“We have now successfully completed the divestment of our Uetersen Mill. I am confident that Perusa Partners will be able to develop the mill further and ensure long-term future success in Uetersen. We will continue our strategic transformation into a renewable materials growth company focusing on customers and innovation," says Stora Enso's CEO Karl-Henrik Sundström.

The loss on disposal amounted to approximately EUR 30 million and was recorded as a non-recurring item in Stora Enso’s fourth quarter 2014 operating profit.

The transaction will enhance Stora Enso’s operational EBIT and cash flow from the second quarter of 2015. Based on 2014 annual figures, the divestment is expected to reduce Stora Enso’s annual sales by EUR 140 million. It will also reduce Stora Enso’s annual paper production capacity by around 240 000 tonnes. Uetersen Mill employs approximately 400 people.

Stora Enso will continue to produce specialty papers at Imatra Mill and coated fine paper at Oulu Mill in Finland.

For further information, please contact:
Hanne Karrinaho, Head of Financial Communications, tel. +358 2046 21446
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 40 763 8767

www.storaenso.com
www.storaenso.com/investors

Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wood and paper. Our aim is to replace non-renewable materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 27 000 people in more than 35 countries, and our sales in 2014 were EUR 10.2 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) on the International OTCQX over-the-counter market.

Stora Enso launched the results of its Group-wide Human Rights Assessments in a report consolidated by the Danish Institute for Human Rights (DIHR). Stora Enso is among the few companies globally to publicly report on Group-wide human rights findings covering production units, wood supply operations, supply chain management and local community relations.

The assessments looked at 43 human rights issue areas, covering labour rights, community impacts and controls for suppliers and business partners. Covering 93 units in 22 countries, and part of Stora Enso’s ongoing due diligence, assessments were carried out in 2014 supported by DIHR. The assessments also covered joint operations Veracel in Brazil and Montes del Plata in Uruguay, and the equity accounted investment Bulleh Shah Packaging in Pakistan.

“This was a new endeavor for us and we have our partners - especially the Danish Institute for Human Rights – to thank for guiding us” says Karl-Henrik Sundström, CEO of Stora Enso. “Going forward, we will engage with stakeholders in reviewing the results and planning actions. Launching the human rights action plans in 2015 will be a top priority for us. We see this report as a baseline, and will agree on ambitious but realistic milestones based on detailed analyses of what needs to be done to make a real change. The way we see it, transparency increases accountability.”

“The United Nations Guiding Principles on Business and Human Rights require companies to understand how they might cause or contribute to adverse impacts on human rights. Having this knowledge is a prerequisite for being a sustainable company” says Allan Lerberg Jørgensen, Director for Human Rights and Development at The Danish Institute for Human Rights. “With this report, Stora Enso demonstrates the kind of corporate leadership needed to realise that journey. Very few companies have undertaken human rights due diligence on this scale.”

The key Group-wide findings of the report are related to monitoring of employment conditions of third-party in-premise staff; promoting diversity management; improving overtime practices and entry-level wages at some units; strengthening procedures and guidance on protecting the privacy of employees; supporting and facilitating collective bargaining; improving in Occupational Health and Safety at some units; strengthening grievance mechanisms; improving procedures on environmental and social impact assessments; developing policies and procedures on security management; continuing to implement the Supplier Code of Conduct; and ensuring that all human rights impacts are considered in responsible supply chain management.

When prioritising actions, the UN Guiding Principles on Business and Human Rights advise companies to have remediation measures in place for impacts that are severe or that can become irreversible if delayed. Stora Enso will follow this approach and set action plans for prioritised impacts – severe impacts, irreversible impacts, possible legal non-compliances and gaps with Stora Enso policies – by the end of Q2 2015.

In countries where Stora Enso perceives heightened human rights impacts, it carried out human rights assessments with external third party support and site visits. In 13 units in China, Russia, Estonia, Latvia and Poland, external visits were performed by Fair Working Conditions, an independent non-profit organisation. In Guangxi, China, Stora Enso worked with DIHR. In Pakistan an external human rights consultant supported the assessment. For the trial plantation operations in Laos, Stora Enso collaborated with Business for Social Responsibility (BSR).

Download the Full Human Rights Assessments Report here: http://assets.storaenso.com/se/com/DownloadCenterDocuments/0502HRA_2015_DIHR_REPORT.pdf

For further information, please contact:
 Terhi Koipijärvi, EVP Global Responsibility (acting), tel. +358 50 598 9958
 Ulrika Lilja, EVP, Global Communications, tel. +46 1046 71668
 
 www.storaenso.com
 www.storaenso.com/investors
 
 Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wood and paper. Our aim is to replace non-renewable materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 27 000 people in more than 35 countries, and our sales in 2014 were EUR 10.2 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) on the International OTCQX over-the-counter market.

Stora Enso has signed an agreement to divest its Uetersen specialty and coated fine paper mill in Germany to a company mainly owned by the private equity fund Perusa Partners Fund 2. The cash consideration for the divestment of the shares is approximately EUR 7 million subject to customary closing day adjustments. The loss on disposal amounts to approximately EUR 30 million and will be recorded as a non-recurring item in Stora Enso’s fourth quarter 2014 results. The transaction is in line with Stora Enso’s strategic transformation to a customer focused renewable materials company. The transaction is expected to be completed in the first quarter of 2015 and is subject to regulatory approvals.

The transaction will enhance Stora Enso’s operational EBIT and cash flow from the second quarter of 2015. Based on 2013 annual figures, the divestment is expected to reduce Stora Enso’s annual sales by EUR 155 million. It will also reduce Stora Enso’s annual paper production capacity by around 240 000 tonnes. Uetersen Mill employs approximately 400 people.

Stora Enso will continue to produce specialty papers at Imatra Mill and coated fine paper at Oulu Mill in Finland.

Stora Enso’s previous attempt to divest the mill to Brigl & Bergmeister, an Austrian specialty paper producer, was unsuccessful due to the German Federal Cartel Office’s (FCO) indicated intentions to prohibit the proposed transaction.

About Perusa
The private equity fund Perusa Partners Fund 2, advised by Munich based Perusa GmbH, targets at companies in special situations. Perusa GmbH was set up in 2007. The teaminvests in medium-sized companies or business units of larger corporations, mostly in theGerman speaking region and the Nordics, with the goal of actively accompanying themthrough a phase of transition towards their full entrepreneurial potential. www.perusa.de

For further information, please contact:
Ulrika Lilja, EVP Global Communications, tel. +46 72 221 9228
Ulla Paajanen-Sainio, SVP Investor Relations, tel. +358 40 763 8767

www.storaenso.com
www.storaenso.com/investors

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 29 000 people worldwide, and our sales in 2013 amounted to EUR 10.6 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 will concentrate its new biomaterials business development in an Innovation Centre that will be located in the Stockholm area in Sweden. The centre, which will open during the second quarter of 2015, will host research, application, business development, and strategic marketing.

The centre will boost innovation by identifying business opportunities in the renewable materials market and linking them with leading innovation and research centres in business and academia. The centre will be staffed with Stora Enso employees currently working in Sweden, Finland and Germany. It will initially employ a little less than 60 people and is estimated to employ around 75 people by year end 2015.

“We are convinced that our access to biomass, in combination with our expertise in forestry worldwide, will benefit our customers in new, innovative ways in the future. Our goal is to develop a competitive offering serving customers in multiple industries and markets, while adding value to our current cellulosic streams”, says Karl-Henrik Sundström, CEO of Stora Enso.

“We facilitate creative thinking and cross-functional interaction by consolidating R&D and business development under one roof. Additionally, it is important to create a close link to leading innovation and research centres in this field – both at academic and business levels”, says Dr. Antonio Batistini, Head of Innovation and Strategic Marketing, Stora Enso Biomaterials.

Stora Enso’s other R&D units are not affected by this change and will remain in their current locations.

About Stora Enso Biomaterials

Stora Enso Biomaterials is a provider of pulp grades to meet the demands of various paper, board and tissue producers. The offering also includes fluff for hygiene applications and dissolving pulp for the textile industry. The mission of Stora Enso Biomaterials is to find new, innovative ways to maximise the value extractable from wood, as well as other kind of ligno-cellulosic biomasses. Through innovation, the aim is to develop into a cost and performance differentiated renewable biochemical company offering drop-in and new materials into existing and new industries to Stora Enso.

For further information, please contact:

Ulrika Lilja, EVP Global Communications, Stora Enso, tel. +46 1046 71668
Kirsi Seppäläinen, Head of Communications, Stora Enso Biomaterials, tel. +358 50 598 9958

www.storaenso.com
biomaterials.storaenso.com

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 29 000 people worldwide, and our sales in 2013 amounted to EUR 10.6 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.

EcoPlanet Bamboo Group continues its executive recruitment of world class individuals from the largest plantation forestry and fiber based manufacturing companies in the United States, Europe and Latin America with the hiring of Francisco Ferreira as Managing Director of EcoPlanet Bamboo’s Central American operations.

“Mr. Ferreira is a perfect fit for our operational needs in Central America”

Mr. Ferreira brings 30 years of large scale forestry and nursery experience, most recently responsible for forestry research and a 20 million tree nursery of a 135,000 hectare plantation in Uruguay. Within those responsibilities Mr. Ferreira managed an organization with hundreds of employees, multi-million dollar annual operations budgets, and the construction of a new $17 million nursery. Mr. Ferreira joins EcoPlanet Bamboo from Montes del Plata, a joint venture company of Stora Enso and Arauco. Stora Enso, a company with Swedish and Finnish origins, has 28,000 employees and operations in 35 countries, and is included on the Dow Jones Sustainability Index (DJSI). Arauco is a leader in the production of kraft wood pulp and panels, as well as having a global network of agents that sell sustainable timber products in over 71 countries.

“Mr. Ferreira is a perfect fit for our operational needs in Central America,” says Troy Wiseman, CEO of EcoPlanet Bamboo Group. “Although Mr. Ferreira holds multiple degrees in engineering and forestry, as well as a Masters degree in soil and plant nutrition, it is his desire to be on the ground and in the field getting his hands dirty, so to speak, side by side with our team that excites me the most about his hiring. Despite over three decades of experience, his desire to teach, train and support a team from the bottom up shows great humility and represents significant value to an organization like EcoPlanet Bamboo.”

About EcoPlanet Bamboo - "Making Bamboo the Timber of the 21st century"

EcoPlanet Bamboo is leading the industrialization of bamboo as a viable and environmentally attractive alternative fiber for timber manufacturing industries. The conversion of degraded land into certified bamboo plantations is coupled with innovative technology development to provide bamboo based solutions for products and markets that currently contribute to the deforestation of our world’s natural forests. EcoPlanet Bamboo enables bamboo to be a viable solution across multiple sectors, including textiles, pulp and paper, renewable energy and activated carbon.

With operations currently in Central America, Southern and West Africa, expansion into Southeast Asia underway, and additional countries in Latin America under evaluation, EcoPlanet Bamboo targets areas that have suffered extreme deforestation, ensuring that bamboo plantations and bamboo based products are only ever developed on degraded land, and as a deforestation free crop. In conjunction with each plantation, R&D focuses on ensuring clean manufacturing techniques, leapfrogging current technology to create a turnkey solution.

Plantations are certified under relevant sustainability standards and climate change benefits are quantified and commercialized through the Verified Carbon Standard (VCS).

DuoDry CC, the innovative drying concept from Voith, is for the first time successfully in operation. The DuoDry CC is delivered and installed in the Narew PM 5 at Stora Enso in Ostroleka, Poland. The concept impresses with its reduced curl formation caused by the drying process and lowers energy demand by increased runability of the paper machine.

CC stands for curl control and designates the latest technology for reducing curl in single-tier dryer sections, which have become especially popular on the market since the speeds of paper machines have increased. The advantage of single-tier design when compared to the two-tiered design is that the machine achieves improved runability. However, a disadvantage of the conventional single-tier design is that the paper tends to curl due to the one-sided drying.

DuoDry CC solves this problem with a smart concept that is as effective as it is simple – a vertically inverted single-tier dryer group that serves as the last group. Normally the paper web is sprayed with water on one side to fight curl. The web is dried again afterward through additional energy input. With DuoDry CC, by contrast, the thermal energy already required for drying the paper web is utilized by being fed into the inverted dryer group from the other side. Thus no additional energy is required for reducing curl. Use of this technology reduces the operating costs of the paper machine. The components used, such as web stabilizers and dryer cylinders, are products that have long been proven, which ensures the reliability of the system in operation.

Janne Myllykangas, PM area manager at Stora Enso, confirmed after the project was finalized: “The collaboration with Voith was very good. The trust formed during the negotiations has been confirmed in the execution. The decision in favor of the DuoDry CC drying system has also proved to be the right one. We are very satisfied with the performance of DuoDry CC in operation.”

The Narew PM 5 from Voith is equipped with a SpeedSizer and produces 455,000 metric tons of testliner and corrugating medium per year on a wire width of 8,600 mm.

Further information is available on the Voith website at www.voith.com/paper. Voith Paper is also on Twitter and YouTube.

Voith Paper is a division of the Voith Group and the leading partner to and pioneer in the paper industry. Through constant innovations, Voith Paper is optimizing the paper manufacturing process, focusing on developing resource-saving products to reduce the use of energy, water, and fibers. Furthermore, Voith Paper offers a broad service portfolio for all sections of the paper manufacturing process.

Voith sets standards in the markets energy, oil & gas, paper, raw materials and transport & automotive. Founded in 1867, Voith employs more than 43,000 people, generates € 5.7 billion in sales, operates in about 50 countries around the world and is today one of the biggest family-owned companies in Europe.

International technology Group ANDRITZ has received an order from Stora Enso to rebuild the fiberline, evaporation plant, recausticizing plant, recovery boiler, and recycled fiber plant at the Varkaus pulp mill, Finland. Start-up is scheduled for the fourth quarter of 2015.

The order is part of Stora Ensoʼs project to convert an existing fine paper machine to a containerboard machine as well as to increase capacity and energy efficiency of the pulp mill. The scope of supply includes:

• Conversion of the fiberline to produce high-Kappa unbleached pulp, including modernization of cooking, brown stock washing, and screening systems, as well as delivery of a new blowline and new reject refiners
• Supply of two new evaporator units, replacement of the existing evaporator lamellas in two evaporator units, and installation of a new methanol liquefaction system
• Supply of a new LimeDry lime mud disc filter for the recausticizing plant, which will improve cleanliness and the working environment at the plant
• Rebuild of the complete recycled fiber plant, including modernization of the ANDRITZ FiberFlow drum pulper and coarse screening plant, as well as delivery of a new screw press
• Replacement of the boiler bank tubes in the recovery boiler and installation of a new CNCG-burner (Concentrated Non Condensable Gas)

For further information please contact:

Oliver Pokorny

Head of Corporate Communications

This email address is being protected from spambots. You need JavaScript enabled to view it.

www.andritz.com

The ANDRITZ GROUP

The ANDRITZ GROUP is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, the metalworking and steel industries, and solid/liquid separation in the municipal and industrial sectors. The publicly listed, international technology Group is headquartered in Graz, Austria, and has a staff of around 24,100 employees. ANDRITZ operates over 250 production sites as well as service and sales companies all around the world. The ANDRITZ GROUP ranks among the global market leaders in all four of its business areas. One of the Group’s overall strategic goals is to strengthen and extend this position. At the same time, the company aims to secure the continuation of profitable growth in the long term.

ANDRITZ PULP & PAPER

The business area is a leading global supplier of equipment, systems, and services for the production and processing of all types of pulps, paper, tissue, and cardboard. The technologies cover the processing of logs, annual fibers, and waste paper; the production of chemical pulp, mechanical pulp, and recycled fibers; the recovery and reuse of chemicals; the preparation of paper machine furnish; the production of paper, tissue, and board; the calendering and coating of paper; as well as treatment of reject materials and sludge. The service range includes modernization, rebuilds, spare and wear parts, service and maintenance, as well as machine transfer and second-hand equipment. Biomass, steam, and recovery boilers, gasification plants for energy production, flue gas cleaning plants, production equipment for biofuel (second generation) and biomass pelleting, biomass torrefaction, plants for the production of nonwovens, dissolving pulp, plastic films, and panelboards (MDF), and recycling plants are also allocated to the business area.

Stora Enso invests EUR 27 million to improve the quality and cost-competitiveness and to increase the capacity of the consumer board machine 5 by 20 000 tonnes at its Imatra Mills in Finland. The investment will focus on the coating part of the machine and on modernising the winder and reel packaging section.

”The investment is in line with Stora Enso’s transformation into a customer focused renewable materials company. In addition to the capacity increase, the investment will enhance the quality and cost-competitiveness of our Tainionkoski unit in the global markets,” says Vesa Simola, Head of Consumer Board Business Unit.

According to the plan, the modernisation of the reel packaging section will take place in the spring 2015 while the machine is running. The rest of the work is planned to be carried out during the scheduled maintenance stoppage in September 2015.

Imatra Mills consists of two units, Kaukopää and Tainionkoski. The annual capacity of the mills is over one million tonnes of board and paper. The mills employ approximately 870 people, about 90 of them work at Tainionkoski.

For more information, please contact:
Marko Pekkola, VP Mill Director, Imatra Mills, tel. +358 40 672 2578
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242
Tommy Borglund, SVP Communications, Stora Enso Renewable Packaging, tel. +46 1046 71709

www.storaenso.com
www.storaenso.com/investors

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 29 000 people worldwide, and our sales in 2013 amounted to EUR 10.6 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.