Displaying items by tag: Stora Enso

The renewable materials company Stora Enso will be the Presenting Sponsor for FIS Nordic World Ski Championships 2019 in Seefeld, Austria. The sponsorship gives Stora Enso the possibility to contribute to a sustainable sports event and showcase its renewable solutions in various applications.

stora new1Throughout the event, Stora Enso wants to increase the participants’, viewers’ and visitors’ awareness of the benefits of sustainable products. Stora Enso’s products provide a climate-friendly alternative to many products made from fossil based materials, and have a smaller carbon footprint. During the World Ski Championships, a variety of products and solutions based on renewable raw materials will be show casted, such as wood for temporary buildings, carton board packaging, paper, effective waste management systems, and renewable materials for arenas.

This marks the third time Stora Enso will be sponsoring the Nordic World Ski Championships, after being the Presenting Sponsor for the 2017 event in Lahti, Finland, and a main sponsor of the event in Falun, Sweden in 2015.

This is a good opportunity for Stora Enso to be present close to its main markets. The group employs approximately 5 000 people in Central Europe. In Austria, the group operates sawmills and plants for wooden construction elements, CLT.

“We are very happy to be sponsoring the FIS Nordic World Ski Championships for the third time,” commented Stora Enso CEO Karl-Henrik Sundström. “Sustainability is the core of our business in the bioeconomy. Our products substitute fossil based products, such as plastics. In Seefeld, our renewable materials and expertise will be combined in many special products and solutions. We will lead the way in promoting and supporting a sustainable event, by using renewable raw materials derived from wood and by maximising the recycling and reuse of products.”

Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil-based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 25 000 people in more than 35 countries, and our sales in 2016 were EUR 9.8 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

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Stora Enso will invest EUR 94 million to grow in renewable materials and to increase competitiveness in consumer board and biomaterials. EUR 52 million will be invested to increase the dissolving pulp production capacity at Enocell Mill and EUR 42 million to enhance the availability of the chemi-thermomechanical pulp (CTMP) at Imatra Mills. Both mills are located in Finland.

“We continue to drive our transformation to a renewable materials growth company. While investing in our Finnish mills, we expect the competitiveness of Finland’s export industry to be ensured and further improved globally,” says Karl-Henrik Sundström, CEO of Stora Enso.

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Investments in renewable materials substituting fossil-based alternatives

Enocell Mill, part of the Biomaterials division, will be converted to focus entirely on production of dissolving pulp. The softwood pulp production will be gradually discontinued after the investment. The mill will have a total capacity of 430 000 tonnes dissolving pulp annually, whereof 185 000 tonnes hardwood and 245 000 tonnes softwood dissolving pulp. The investment is scheduled to be completed during the second half of 2019. It is expected to exceed the Biomaterials division’s profitability target, operational return on operating capital (ROOC) of 15%, and to have a positive impact on sales.

Dissolving pulp is used as a raw material replacing cotton and fossil-based materials, such as polyester. The dissolving pulp product segment is growing above the industrial average. The growth is driven by increased demand for non-woven applications, and viscose-type fabrics in the textile industry.

“We aim to improve our pulp mix to differentiate and secure competitiveness in the long term. At our Nordic pulp mills, this means focusing on special grades, such as fluff and dissolving pulp. The investment also supports Enocell Mill to become an integrated biorefinery plant for new bio-based chemicals,” says Markus Mannström, head of Stora Enso’s Biomaterials division.

The investment at Imatra Mills, part of the Consumer Board division, includes a new CTMP drying and re-pulping plant as well as extension of the pulp warehouse. This aims to enhance the availability of CTMP and to drive the commercialisation of micro-fibrillated cellulose (MFC). Due to its high strength and 100% renewable raw materials, MFC is designed to outperform fossil-based materials, such as plastics, in a variety of applications. The project is scheduled to be completed in the first half of 2019. The investment is expected to exceed the Consumer Board division’s profitability target, operational return on operating capital (ROOC) of 20%, and to have a marginal impact on sales.

“This investment drives further growth and competitiveness in liquid packaging and food service board. It also supports the ongoing MFC investment which will meet customer demand of products made with less raw materials (source reduction), enhanced strength, light weight and renewable barrier materials,” says Annica Bresky, head of Stora Enso’s Consumer Board division.

Both of these investments are included in Stora Enso's capital expenditure guidance. 

Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil-based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 25 000 people in more than 35 countries, and our sales in 2016 were EUR 9.8 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

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Stora Enso has completed the divestment announced on 26 July 2017 of its 35% holding in the equity accounted investment Bulleh Shah Packaging (Private) Ltd. in Pakistan to the main owner Packages Ltd.

stora new 2017The total cash consideration for the divestment of the shares is EUR 6 million. The loss on disposal amounts in total to approximately EUR 19 million and it will be recorded as an item affecting comparability in Stora Enso’s third quarter 2017 results.

With this transaction, Packages Ltd. achieves full ownership of Bulleh Shah Packaging.

Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil-based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 25 000 people in more than 35 countries, and our sales in 2016 were EUR 9.8 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

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Stora Enso announced in February plans to permanently close down one paper machine 8 (PM8) and related reorganisation at the Kvarnsveden Mill in Sweden that could affect a maximum of 140 people at the mill. PM8 was permanently shut down in June, and the negotiations between central parties have now been concluded.

stora new 2017The impact of the reorganisation and PM8 closure was mitigated through individual solutions, such as early retirement. Altogether the number of people affected will be 122.

Stora Enso is convinced that through the measures taken, it is possible to improve the competitiveness of the Kvarnsveden Mill going forward.

Production at Kvarnsveden Mill will continue on two lines, PM10 for improved newsprint paper and PM12 for SC papers.

Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil-based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 25 000 people in more than 35 countries, and our sales in 2016 were EUR 9.8 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 

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Monday, 10 July 2017 10:08

Refreshed looks for Lumi

Stora Enso’s woodfree coated paper brand, Lumi, has updated its appearance. For 20 years, Lumi’s brand identity and recognition have relied heavily on its visual elements, black and white colour and round shaped logo with the brand name in it. Now the old Lumi logo has been updated and also includes an endorsement by Stora Enso. The new identity looks more modern while Lumi’s familiar black and white pattern still remains.

“Lumi has got a refreshed look, still keeping the same great benefits. Lumi has set customer needs first and has modified the product range in order to meet market requirements in the best possible way. Lumi papers offer best-in-class functionality in combination with excellent image reproduction. For applications with exceptionally high demands for strong impact, long-lasting impressions and impeccable quality, there is no better paper than Lumi,” says Heli Ristola, VP, WFC Papers, Stora Enso, Division Paper.

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All its well-known and recognized characteristics are there. The optimal combination between printability and runnability. Natural whiteness. The even surface you can fell with your fingers. The best folding properties in the market. An excellent choice for high end magazines, luxury catalogues and art books. It’s known as Lumi.

Lumi’s new brand elements will be seen in its communication and marketing materials, such as sample folders and other sales support tools, adverts and giveaways as well as wrapper papers on reams and pallets in transportation and warehouses.

Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 25 000 employees in more than 35 countries, and our sales in 2016 were EUR 9.8 billion. Stora Enso shares are listed on the Helsinki and Stockholm stock exchanges. storaenso.com

Paper division provides best-in-class paper solutions for print media and office use. The wide selection covers papers made from recycled and fresh wood fibre. Our main customer groups include publishers, retailers, printing houses, merchants, converters and office suppliers. Our mills are located predominantly in Europe, and in China. Three of the mills produce paper based on 100%-recycled fibre.

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Stora Enso has just signed an agreement to divest the business and assets of its Swedish subsidiary Stora Enso Re-board AB, a producer of rigid paperboard for expositions and displays, to Culas AB, which is partially owned by the current managing director of Stora Enso Re-board AB, John-Åke Svensson.

stora new1“Stora Enso’s focus within packaging is on developing and delivering fibre-based solutions throughout the value chain. Re-board delivers a niche product and we believe that a new owner can better give this business the attention it deserves and develop it further,” says Peter Torstensson, SVP and Head of Corrugated Nordics, Stora Enso’s Packaging Solutions division.

The transaction is expected to be closed during Q3/2017 and will have no significant impact on Stora Enso sales and operational EBIT. The transaction is subject to negotiations under the Swedish Co-determination Act (MBL). Once the divestment is completed, the employees of Stora Enso Re-board AB will be offered to transfer to the new owner.

Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil-based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 25 000 people in more than 35 countries, and our sales in 2016 were EUR 9.8 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

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In February 2017, Stora Enso announced that it planned to permanently shut down paper machine 8 (PM8) at Kvarnsveden Mill in Sweden due to structural weakening of magazine paper demand in Europe. Co-determination negotiations with employees at the mill are still ongoing, but PM8 was permanently shut down yesterday. The number of people affected by the reorganization of the mill and shutdown will be determined during Q3 2017.

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PM8 had an annual capacity of 100 000 tonnes of super-calendered uncoated magazine paper (SC). The closure of PM8 at Kvarnsveden Mill will not impact Stora Enso’s SC paper offering. In Europe, Stora Enso continues to produce SC paper at Kvarnsveden Mill PM12 as well at Maxau Mill in Germany and Langerbrugge Mill in Belgium. The group also serves its SC customers from Dawang Mill in China.

Production at Kvarnsveden Mill will continue on two lines, PM10 for improved newsprint paper and PM12 for SC papers.

Stora Enso will make every effort in co-operation with the local community to help the affected personnel find new employment opportunities, and mitigate the impact of the reorganisation and PM8 closure through individual solutions. All job openings in other Stora Enso units will be available to those affecte.

Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil-based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 25 000 people in more than 35 countries, and our sales in 2016 were EUR 9.8 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

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Aalto University and Stora Enso have joined hands in building Finland. The outcome of the co-operation is the Aika (Time) stage for the public debate forum SuomiAreena, in Finland, in honour of Finland’s centenary year of independence. The base of the stage is made up of 50 laminated veneer lumber frames with 100 legs symbolising Finland’s era of independence.

Students at Aalto University’s Department of Architecture were given the challenge of designing a stage using Stora Enso’s LVL material in just 100 hours. The design had to be of high architectural quality and innovative, and meet the technical requirements of SuomiAreena. Antti Hannula and Antti Rantamäki, students of landscape architecture were selected winners of the competition.

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“Stora Enso wants to promote the use of renewable materials and show what a tree can do. We have been involved in planning and organising several events that celebrate Finland 100 years. Through our participation in SuomiAreena, we can communicate the opportunities of building with wood as well as our other renewable solutions. The Aika stage will be implemented in the spirit of the centenary together with Aalto University, using high-quality Finnish wood material and design and processing expertise,” says Seppo Parvi, Stora Enso’s CFO and Country Manager Finland.

“At Aalto University, we are educating game changers who are able to see and combine science, arts and business in a new way. Aalto was recently ranked as one of world’s 55 technology challenger universities, and it maintains close contact with business and society at large. The Aika stage to be built for SuomiAreena is an outstanding piece of work, reflecting our values and ways of operating,” says Eero Eloranta, Aalto University’s Vice President of Education.

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“The Aika stage will be one of the highlights of the week-long SuomiAreena event. Visitors can see anything but traditional panel debates on the stage. During the week, there will be cooking, innovations, business pitches, hackathons and a cavalcade of the most interesting projects of the Finland 100 programme,” says Mari Haavisto, Executive Producer of SuomiAreena.

The surface area of the Aika stage is 285 square metres, and the spectator area contains 150 seats. The stage will be built of Stora Enso’s structurally strong LVL, which is manufactured in Varkaus, Finland. The stage is covered with translucent Vitrea profiled glass.

The Aika stage will be built in front of the Sokos Hotel Vaakuna, at Gallen-Kallelankatu 7, Pori, for the duration of the SuomiAreena forum (10‒14 July 2017). Once the event is over, the stage will be moved to Aalto University’s campus in Otaniemi, Espoo, to enrich the lives of students and the public.

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Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil-based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 25 000 people in more than 35 countries, and our sales in 2016 were EUR 9.8 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 

Aalto University: Shaping the future. Aalto University is a community of bold thinkers where science and art are together with technology and business. We are committed to identifying and solving grand societal challenges and building an innovative future. Aalto University has 11 000 students and more than 400 professors. Our campuses are located in Espoo and Helsinki, Finland.

disclamer: The illustrations are based on sketches and do not necessarily conform to the final appearance and structure

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On 5 April 2017, less than 14 years after the start-up of the newsprint paper machine at Stora Enso Langerbrugge, the mill reached a milestone of 5 million tonnes of newsprint produced. The Giant of Ghent in Belgium is one of the most efficient newsprint machines in the world.

Stora Enso Langerbrugge is celebrating a true jubilee this year. The mill was founded in 1932 under the name “Papeterie de la Belgique” and it celebrates 85 years of operations this year. In addition to the 5 million milestone at PM4, the SC Paper Machine PM3 recently celebrated its 60th birthday.

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The paper mill in Langerbrugge, Gent, produces 540,000 tonnes of recycled newsprint and SC magazine paper annually, on two paper machines. Langerbrugge production is exclusively based on PfR, Paper for Recycling. This used paper is collected from households and reaches the paper mill through municipalities. In the state of the art paper sorting lines, old paper is automatically separated from carton. The paper fraction is fully deployed as raw material for the two paper machines in Stora Enso Langerbrugge. The remaining carton is sold to the nearby cardboard industry.

Langerbrugge paper mill is a forerunner in sustainability and puts a lot of focus on the production of green energy. The mill has two biomass-fueled power plants that provide all the needed process heat and more than 70% of the total electricity need. Since autumn 2016, the mill has also delivered part of its green heat to Volvo Car Ghent. Thanks to this, the Volvo plant in Ghent can eliminate 15,000 tonnes of CO2 emissions annually, which means a 40% drop in their total CO2 emission. In 2017, the mill will take the next step in renewable energy by building three wind turbines that will be producing electricity by the beginning of 2018.   The business model of the paper mill is a prime example of circular economy. In the last decade, Stora Enso Langerbrugge reduced its energy consumption in production with 14% by efficiency improvements on several installations. “Sustainable production and a maximal use of new technology are central in this process. Digitalization, automatization and increased production call for a big effort from our employees – a smart factory needs smart workers.” Mill Manager Chris De Hollander emphasizes.

In 2016, Stora Enso Paper Division had a production capacity of 5.5 million tonnes of paper, which makes Stora Enso the second biggest player in the European paper business.

Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 25 000 people in more than 35 countries, and our sales in 2016 were EUR 9.8 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

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Stora Enso will start co-determination negotiations with employees at its Kvarnsveden Mill in Sweden regarding a plan to reorganise the mill, including a permanent closure of paper machine (PM) 8. The planned actions would affect a maximum of 140 employees. The paper machine has an annual capacity of 100 000 tonnes of super-calendered uncoated magazine paper (SC) and it is planned to be shut down by the end of the second quarter of 2017.

stora new 2017The plan would result in annual cost savings of EUR 12 million. Stora Enso will book restructuring charges of approximately EUR 17 million as an item affecting comparability (IAC) in its Q1/2017 results, of which about EUR 14 million will be cash costs. The planned closure would not have material impact on Stora Enso’s sales or operational EBIT.

“We plan to reorganise Kvarnsveden Mill to ensure its competitiveness in the structurally declining paper market. This plan includes the permanent shutdown of PM8, which, due to its small size and technical age, is unfortunately no longer competitive in the current market conditions. We appreciate the efforts taken by the employees, and regret that this plan would be necessary to support the competitiveness of Kvarnsveden Mill going forward,” says Kati ter Horst, EVP Paper division.

The closure of PM8 at Kvarnsveden Mill would not impact Stora Enso’s SC paper offering. In Europe, Stora Enso continues to produce SC paper at Kvarnsveden Mill PM12 as well at Maxau Mill in Germany and Langerbrugge Mill in Belgium. The group also serves its SC customers from Dawang Mill in China.

No decisions regarding the planned reorganisation or employee impact will be taken until the co-determination negotiations have been concluded. Production at Kvarnsveden Mill would continue on two lines, PM10 for improved newsprint paper and PM12 for SC papers.

Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 25 000 people in more than 35 countries, and our sales in 2016 were EUR 9.8 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

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