Displaying items by tag: Stora Enso

Stevedores' strike at Finnish ports ended on Friday 19 March.

Strike, which lasted 16 days, affected to Stora Enso’s Finnish mills by closing 6 paper machines and 2 sheeting plants. Almost all closed production has now started again but it will still take weeks to normalize all operations in mills and especially in harbours.

Stora Enso’s website follows the situation and gives update information when needed.

For further information, please contact:

Media: Päivi Kauhanen, Director, Communications Finland, tel. +358 2046 21292
Investors: Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242

Published in European News
Thursday, 04 February 2010 10:40

Stora Enso's and Arauco's joint-venture

storaensoStora Enso's and Arauco's joint-venture company in Uruguay, Montes del Plata, has decided to initiate a feasibility study on Punta Pereira as the site for a possible future pulp mill. Punta Pereira was also the site chosen for Spanish pulp maker ENCE's planned pulp mill. Stora Enso and Arauco acquired the majority of ENCE's operations in Uruguay in October 2009.                                

Studies prepared by Montes del Plata show that Punta Pereira, in the Department of Colonia, is a promising location for the possible pulp mill and therefore more detailed economic, technical, environmental and social studies are justified. Punta Pereira also offers flexibility in terms of planning of a long-term investment.                                                           

“We have come out with a decision which is based on our preliminary economic, operational and environmental findings. The identification of Punta Pereira will allow us to proceed to the next phase - a detailed feasibility study,” says Stora Enso CEO Jouko Karvinen.                                                  

The final decision on construction of the new pulp mill will be taken by the Boards of Directors of Stora Enso, Arauco and Montes del Plata once the feasibility study is completed.                                                 

For further information, please contact:                                        
Jouko Karvinen, CEO, tel. +358 2046 21410                                       
Nils Grafström, President, Stora Enso Latin America, tel. +55 1181 759 283      
Lauri Peltola, Head of Group Communications, tel. +358 2046 21380               

www.storaenso.com

www.storaenso.com/investors

Stora Enso is the world leader in forest industry sustainability. We offer our customers solutions based on renewable raw materials. Our products provide a climate-friendly alternative to many non-renewable materials, and have a smaller carbon footprint. Stora Enso is listed in the Dow Jones Sustainability Index and the FTSE4Good Index. Stora Enso employs 29 000 people worldwide, and our sales in 2008 amounted to EUR 11.0 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

Published in European News
Tagged under
Thursday, 25 February 2010 09:15

Stora Enso's Annual Report 2009 published

storaensoStora Enso's Annual Report 2009 is published today as PDF documents. Stora Enso's Annual Report is comprised of three separate reports: Stora Enso 2009, Financial Performance 2009 and Sustainability Performance 2009.

Stora Enso 2009 is available in English, Finnish and Swedish. Financial Performance 2009 and Sustainability Performance 2009 are available in English. All three reports can be downloaded at the Group's website at www.storaenso.com/annualreport.

The printed Annual Report will be published during the week commencing Monday 8 March 2010. Stora Enso 2009 will be distributed to those shareholders in Finland and Sweden who have so requested, and to all registered ADR holders. Printed copies of all the reports can be ordered at www.storaenso.com/order or by sending an e-mail to This email address is being protected from spambots. You need JavaScript enabled to view it.

All of these documents are available on the Group's website.

For further information, please contact:
Sanna Lahti, Director, Financial and Change Communications, tel. +358 2046 21251

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

Stora Enso is the world leader in forest industry sustainability. We offer our customers solutions based on renewable raw materials. Our products provide a climate-friendly alternative to many non-renewable materials, and have a smaller carbon footprint. Stora Enso is listed in the Dow Jones Sustainability Index and
the FTSE4Good Index. Stora Enso employs some 27 000 people worldwide, and our sales in 2009 amounted to EUR 8.9 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

Jari Suvanto Ulla Paajanen-Sainio

Attachments:
stora enso_eng_sustainability_performance_2009.pdf
stora enso_eng_corporate governance 2009.pdf
stora enso_eng_financial_performance_2009.pdf
stora enso_eng_parent company financial statements_2009.pdf
stora_enso_2009_eng.pdf

Published in Financial News
Wednesday, 10 February 2010 13:45

Stora Enso signs EUR 65 million loan agreement

storaensoStora Enso has signed an agreement with the European Investment Bank (EIB) for a EUR 65 million loan to be used for the Ostroleka power plant construction project in Poland. The loan agreement is part of the commitment by EIB to lend altogether EUR 230 million to Stora Enso for research and development and the Ostroleka power plant project.

"We have a long and good relationship with EIB and we are delighted that through this agreement EIB is supporting our power plant project to improve Ostroleka Mill's energy self-sufficiency and energy efficiency. Along with the Langerbrugge and Maxau energy investments, the Ostroleka power plant is one of our biggest cost improvement investments this year at our existing mills in Europe. The terms of the loan are very competitive," says Stora Enso CFO Markus Rauramo.

The Ostroleka power plant to be completed in the third quarter of 2010 will further improve the cost competitiveness of Stora Enso's operations in Poland. As announced on 3 November 2008, the total investment in the Ostroleka power plant is estimated at EUR 137 million.

For further information, please contact:
Jyrki Tammivuori, SVP, Group Treasurer, tel. +358 2046 21043
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242

Published in Financial News
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