Displaying items by tag: Stora Enso

Stora Enso has decided to commence a study in order to assess the feasibility of building a cross laminated timber (CLT) production unit in connection with its Gruvön Mill in Sweden. The expansion would add a total annual capacity of approximately 75 000 m3CLT.

stora new1The feasibility study will evaluate the profitability of the possible expansion, as well as integration benefits and design criteria for the plant. The investment under study would be cost competitive and would have synergies with the existing mill in Gruvön. The findings of a recently completed pre-feasibility study supported continuation of the process. The feasibility study is expected to be completed by the end of 2016.

If the investment is approved following the feasibility study, the capital expenditure for the expansion is estimated to be in the range of EUR 30−34 million, which falls within the group’s long term capital expenditure policy of keeping capital expenditure into fixed assets approximately at the same level as depreciation. In addition to fixed asset investments, Stora Enso invests approximately EUR 100 million annually in biological assets.   

“Our target is to grow cost competitive CLT capacity located favourably in relation to target markets. The existing Gruvön Mill has been selected due to its favourable logistics and secured raw material supply. By utilising our new competitive building materials, we aim to capture market share from competing materials in the construction sector. The decision regarding a possible expansion of Gruvön Mill will be made once the feasibility study has been completed,” says Jari Suominen, EVP Division Wood Products.

Currently, Stora Enso has an annual capacity of 130 000 m3CLT at its Bad St. Leonhard and Ybbs mills in Austria. Gruvön Mill has an annual capacity of 370 000 m3sawn timber of which 150 000 m3are further processed wood products. The mill also produces 100 000 tonnes of pellets annually. Gruvön Mill employs 115 people.

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 26 000 people in more than 35 countries, and our sales in 2015 were EUR 10.0 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) on the International OTCQX over-the-counter market. storaenso.com

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In its ruling issued on the 22nd June 2016, the Helsinki District Court dismissed Metsähallitus’ claim for damages against Stora Enso Oyj, Metsäliitto Cooperative and UPM-Kymmene Oyj. The claim was based on the competition infringement found by the Finnish Market Court in its decision on 3 December 2009.

stora new1According to Metsähallitus’ claim, the companies had caused damage to Metsähallitus through the competition infringement found by the Market Court in its decision on 3 December 2009. According to Metsähallitus, the companies had purchased roundwood from Metsähallitus below market prices during 1997–2005.

Originally in 2011, Metsähallitus was claiming compensation for damage in a capital amount of EUR 282.5 million. The claim was reduced during the legal proceedings to EUR 159.4 million, of which approximately EUR 87.2 million were based on roundwood transactions between Metsähallitus and Stora Enso.

Stora Enso considers the ruling by the District Court to be correct, and denies that Metsähallitus suffered any damages.

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 26 000 people in more than 35 countries, and our sales in 2015 were EUR 10.0 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) on the International OTCQX over-the-counter market. www.storaenso.com

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200 guests from around the world joined Stora Enso today at the official inauguration of the new consumer board mill in Beihai, China.

Stora Enso inaugurates its new consumer board mill in Beihai, China. The mill started up in May and it is expected to reach full production within 18 to 24 months. With an investment of EUR 800 million, this is the largest Nordic direct investment in China, and a significant investment in the history of Stora Enso.

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The Beihai consumer board mill has an annual capacity of 450,000 tonnes of high-grade carton board products. One of the key end products is Liquid Packaging Board, of which more than 80 per cent today is imported to China. Stora Enso is the world-leading producer of this product, which is one of the most demanding and high value-added products in this industry.

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“We are delighted to announce the official opening of the Stora Enso consumer board mill in China. This is a very important milestone for us”, says Stora Enso’s CEO Karl-Henrik Sundström. “China is a market with high potential and the start-up of our consumer board mill is crucial to meet the growing demand for high-quality and safe fiber-based food packaging in China and the Asia Pacific region.”

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The consumer board mill is located in the Tieshangang industrial zone of the Guangxi region, 40 miles outside of Beihai city. Stora Enso’s operations in the Guangxi region also consist of tree plantations with around 85,000 hectares of land leased since 2012. The plantations have been certified to the Forest Stewardship Council (FSC®) and the China Forest Certification Council (CFCC), and they will provide a sustainable, cost-competitive and self-sufficient fibre base for the mill.

Stora Enso Communications’ FSC ® trademark license number is FSC-N001919.

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Stora Enso will invest EUR 26.5 million in Skutskär pulp mill to increase its fluff capacity to meet the growing demand in the hygiene market. 

stora new1The investment will enhance Skutskär Mill’s profitability and long-term competitiveness by increasing fluff production by approximately 160 000 tonnes annually. The mill’s softwood capacity is expected to be reduced by 160 000 tonnes, starting from year 2018. The total fluff pulp capacity of the mill after the investment will amount to 415 000 tonnes.

The investment supports Stora Enso’s strategy of transforming into a customer-focused renewable materials growth company. The aim is to develop further the current market pulp business and to focus more on growth segments.

“Both hygiene and non-woven products are a fast-growing market. This investment will enable us to support the growth of our customers and further develop this business together with them,” says Juan Carlos Bueno, EVP, Stora Enso’s Biomaterials division.

The investment is expected to be completed during the second quarter of 2018, and it falls within the group’s capital expenditure guidance given earlier. The investment includes the necessary changes to one of the drying machines.

Stora Enso’s Skutskär Mill produces Northern bleached kraft softwood pulp (NBSK), softwood fluff pulp and bleached hardwood pulp (birch). The total annual capacity of the mill is 540 000 tonnes. The fluff pulp is mainly used in airlaid hygiene products such as diapers, feminine care products and adult incontinence products. It is also used in tabletop products and wipes.

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 26 000 people in more than 35 countries, and our sales in 2015 were EUR 10.0 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) on the International OTCQX over-the-counter market. storaenso.co

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stora new1Stora Enso has signed an agreement to divest the key assets of its Suzhou Mill in China, including the land-use rights and buildings, to the local government of Suzhou National New & Hi-tech Industrial Development Area (SND). During its 20 years of operation, the city of Suzhou has grown around the mill, making it difficult to develop and continue industrial operations at the current site. The cash consideration for the divestment of assets is approximately EUR 240 million.

The total gain on disposal to be reported in operating profit amounts to approximately EUR 180 million of which EUR 26 million will be recorded as a positive non-recurring item in Stora Enso’s second quarter 2016 results and EUR 154 million is expected to be recorded as a positive non-recurring item in Stora Enso’s fourth quarter 2016 results. The total net gain including the closure related costs after tax will be approximately EUR 150 million.

Production is planned to be stopped during June 2016 and the transaction is expected to be completed in the fourth quarter of 2016. Operational profitability of the mill is close to break even so the transaction will not have a material impact on Stora Enso’s operational EBIT going forward.

“Suzhou Mill is a recognised high quality paper producer with an established customer base. However, the mill only has one paper machine and it will no longer be competitive after the emergence of larger-sized mills in the Chinese market. The location of the mill in the middle of a large city is not favourable for paper production,” says Kati ter Horst, EVP Stora Enso’s Paper division.

Based on annual figures for 2015, the divestment is expected to reduce Stora Enso’s annual sales by EUR 126 million and simultaneously decrease the annual woodfree coated paper production capacity by approximately 240 000 tonnes. Suzhou Mill currently employs approximately 500 people, who will receive support in finding new employment opportunities.

About the buyer

SND is the administration of the Suzhou National New & Hi-tech Industrial Development Area, established in 1992. SND is part of the Suzhou City government. Suzhou City has approximately 11 million inhabitants and borders west Shanghai. SND plans to convert the mill site from industrial use to non-industrial use.

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 26 000 people in more than 35 countries, and our sales in 2015 were EUR 10.0 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) on the International OTCQX over-the-counter market. storaenso.com

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Wednesday, 01 June 2016 08:33

Stora Enso to divest its Kabel Mill in Germany

stora new1Stora Enso has signed an agreement to divest its Kabel coated mechanical paper mill in Germany to Hagen-Kabel Pulp & Paper GmbH, owned by a German based investor group. The transaction is in line with Stora Enso’s strategic transformation into a renewable materials growth company. The transaction is expected to be completed in the third quarter of 2016.

The cash consideration for the divestment of the assets is approximately EUR 23 million, subject to customary closing day adjustments. The loss on disposal amounts in total to EUR 15 million. The effect on operating profit is approximately EUR 5 million, and negative tax impact is approximately EUR 10 million. These will be recorded as a non-recurring item in Stora Enso’s second quarter 2016 results. Approximately EUR 17 million of pension liabilities will be transferred to the new owner with the transaction.

“Kabel Mill has an excellent reputation and an established customer base in the grades it produces. We believe that Kabel Mill will be able to further develop its business under the new ownership,” says Kati ter Horst, EVP Paper division at Stora Enso.

Based on 2015 annual figures, the divestment is expected to reduce Stora Enso’s annual sales by approximately EUR 300 million. It will also reduce Stora Enso’s annual paper production capacity by around 485 000 tonnes. Kabel Mill employs approximately 540 people, who will be transferred to the new owner with the divestment. The transaction will not have a material impact on Stora Enso’s operational EBIT going forward.

Stora Enso will continue to produce coated mechanical paper under the NovaPress brand at its Veitsiluoto Mill in Finland.

About Hagen-Kabel Pulp & Paper GmbH
Hagen-Kabel Pulp & Paper GmbH is a newly-established company owned by a German investor group with experience in the paper industry. One of the investors, Kübler & Niethammer Papierfabrik Kriebstein AG (“K&N”), produces graphical paper with a capacity of approximately 100 000 tonnes per year and recycled paper as raw material. The investor group has stated that it aims to develop the Kabel Mill and focus further on high quality customer service.

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 26 000 people in more than 35 countries, and our sales in 2015 were EUR 10.0 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) on the International OTCQX over-the-counter market. www.storaenso.com

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Stora Enso's consumer board machine at Beihai Mill in China successfully started production on 26 May. The first consumer board on reel was produced 18 months after the start-up of Stora Enso's large-scale mill construction project in Beihai, Guangxi region.

stora new1The project started from a greenfield site. In addition to the board machine, it includes a full site with infrastructure, power plant, water and effluent treatment capacities. Highest levels of work safety standards have been followed. With a peak of 5 500 workers on site, over 16 million working hours have been accomplished with only one Lost Time Accident.

“Today I feel very proud and happy for the whole team that has been able to achieve such a great milestone in the history of Stora Enso,” says Stora Enso’s CEO Karl-Henrik Sundström. “Our aim now is to benefit from the growing demand in China and Asia Pacific for high-quality consumer board.”

The total investment in the project is EUR 800 million, including a bleached chemi-thermomechanical (BCTMP) pulp mill with an annual capacity of 220 000 tonnes, operational in the fourth quarter of 2016. The board machine is expected to reach full production within 18‒24 months. In full operation, the mill will have an annual capacity of 450 000 tonnes of liquid packaging board and other high-grade paperboard products.

The official inauguration will be held on 16 June 2016, at the Beihai Mill.

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 26 000 people in more than 35 countries, and our sales in 2015 were EUR 10.0 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) on the International OTCQX over-the-counter market. storaenso.com

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ÅF has been commissioned by Stora Enso to build a new lean gas system at Skutskär Mill to reduce sulphur emissions and improve the smell in the surrounding area. The assignment is an end-to-end solution worth about SEK 10 million. The new system is expected to be operational in autumn 2017.

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The assignment includes project management, process design, piping design, electricaland automation, construction and fire safety.

“A major technical challenge is finding an optimal process design that connects the dispersed odorous gases in the factory to a pipe system for combustion,” says Stefan Hännestrand, project manager at ÅF. “This project requires expertise and collaboration between disciplines.”

In addition to a new lean gas system, ÅF was entrusted to modernise the control systems on the roll cutters at Skutskär Mill, a project that has been ongoing since 2015.

ÅF was also recently commissioned by Stora Enso to plan a new chemical plant at Skoghall Mill.

For further Information:

Stefan Hännestrand, project manager, ÅF, +46 (0)10 505 86 88, This email address is being protected from spambots. You need JavaScript enabled to view it..
Lars Olsson, account manager, ÅF, +46 (0)10 505 87 12, This email address is being protected from spambots. You need JavaScript enabled to view it..

ÅF is an engineering and consulting company for the energy, industrial and infrastructure markets, creating progress for our clients since 1895. By connecting technologies we provide profitable,  innovative and sustainable solutions to shape the future and improve people's lives. Building on our strong base in Europe, our business and clients are found all over the world. 

ÅF – Innovation by experience.

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Renewable materials company Stora Enso and specialty chemicals company Rennovia Inc have announced a joint development and license agreement to cooperate on bio-based chemicals development.

Under the terms of the agreement, the two companies will cooperate to develop processes for bio-based chemicals of interest to Stora Enso, employing Rennovia’s high-throughput catalyst discovery infrastructure and process development expertise. Rennovia focuses on the technology development of novel catalysts and processes for the cost advantaged production of chemicals from renewable feedstocks.

stora new1As Stora Enso is targeting new markets and developing novel products as it transforms into a renewable materials company, the agreement is a logical step for the company.

“The joint development and technology agreement will accelerate some of the developments Stora Enso is working on and gives us a solid platform to move further in building a portfolio of sustainable bio-based solutions for our customers. We are looking forward to collaborating with Rennovia,” said Juan Carlos Bueno, Executive Vice President, Biomaterials division at Stora Enso.

“This agreement underscores the broad applicability of Rennovia’s catalytic technologies to the production of a wide range of bio-based chemical products,” said Robert Wedinger, President and CEO of Rennovia. “We are delighted that Stora Enso recognizes our catalyst and process technologies as an efficient, cost-effective platform for producing bio-based chemicals.”

About Stora Enso Biomaterials division
Stora Enso Biomaterials division 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 division is to find new, innovative ways to maximise the value extractable from wood, as well as other kind of ligno-cellulosic biomasses.

About Rennovia
Rennovia is a chemical process technology development company focused on the creation of novel processes for the cost advantaged production of commodity and specialty chemicals from renewable feedstocks. For further information, visit www.rennovia.com or e-mail This email address is being protected from spambots. You need JavaScript enabled to view it..

Juan Carlos Bueno, EVP, Stora Enso Biomaterials division, tel. +55 11 3065 5223

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 26 000 people in more than 35 countries, and our sales in 2015 were EUR 10.0 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) on the International OTCQX over-the-counter market. storaenso.com

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Finnish Minister of Agriculture and the Environment, Kimmo Tiilikainen, today joined Stora Enso at the official inauguration of a containerboard machine and a wooden building element production line at the Varkaus Mill.

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Stora Enso has successfully converted a fine paper machine at Varkaus Mill to produce virgin-fibre-based containerboard. Stora Enso invested EUR 110 million in the conversion work, which took place in 2015. Kraftliner production began in October 2015 and full production is expected in early 2017. The capacity of the Varkaus Mill will be about 390 000 tonnes of light-weight kraftliner per year.

Moreover, Stora Enso has built a new production line in Varkaus Mill that will make wooden building elements, laminated veneer lumber (LVL). The investment of EUR 43 million will further enhance Stora Enso’s position as a global provider of high quality engineered wooden elements. The production is scheduled to begin in June 2016, and the estimated yearly capacity will be around 100 000m3.

“Both investments in Varkaus are part of Stora Enso’s transformation into a customer-focused renewable materials company,” says Karl-Henrik Sundström, CEO of Stora Enso. “By converting the fine paper mill into a kraftliner mill we are responding to the increasing global market need for renewable packaging, while the new LVL production line will meet the growing need for sustainable wood products for construction and industrial applications.”

The renewed mill directly employs some 400 people and the estimated total employment impact for the Varkaus region is 1 600 FTEs. The investments in Varkaus will increase the demand for softwood raw material by about 1.3 million cubic metres.

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 26 000 people in more than 35 countries, and our sales in 2015 were EUR 10.0 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) on the International OTCQX over-the-counter market. storaenso.com

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