Displaying items by tag: Stora Enso

stora new1Stora Enso's packaging businesses are in a phase of rapid development. Stora Enso and NXP have begun co-operation on intelligent packaging solutions. To enhance the development a new Innovation Centre will open in Helsinki later this year. First commercial products are ready in the micro-fibrillated cellulose (MFC) business.

Co-operation with NXP
Stora Enso and NXP Semiconductors have entered into joint development of intelligent packaging solutions. The development will focus on integrating RFID (Radio frequency identification) into packages for consumer engagement and supply chain purposes. The collaboration will also focus on brand protection and the development of tamper evidence applications. These solutions will benefit both consumers and brand owners.

By using NXP RFID technology such as near field communication (NFC) and ultra-high frequency (UHF), Stora Enso will in the future have smart packages that can be easily tracked and traced through the entire supply chain providing full end-to-end transparency. The integrated technology will also be able to detect if the intelligent package has been tampered with en route to the consumer and, once in the hands of the consumer, could provide additional information and interaction through an NFC-enabled smart phone. This visibility and insight is critical for brands and major manufacturers to ensure their products are being shipped and handled correctly. For consumers the benefits are two-fold; the intelligent packaging will be able to verify the authenticity of the product and also provide care, usage and other important information via the NFC-enabled tag.

“The co-operation with NXP offers substantial business opportunities for Stora Enso. We have already worked on several concept cases with customers and partners within intelligent packaging. The co-operation with NXP will enable us to bring this development closer to market and provide faster scalability in intelligent paper and board solutions,” says Karl-Henrik Sundström, CEO, Stora Enso.
 
“Our RFID technology in combination with Stora Enso’s packaging solutions creates additional value to both consumers and brand owners by providing information and insights along the complete supply chain,” says Ruediger Stroh, EVP & GM Security & Connectivity and Member of the International Board of Management, NXP Semiconductors. “The ability of the RFID tag to detect when a package has been compromised and also provide additional product information via NFC truly enables a unique, smart, engaging brand experience and is another example of how security can be broadly implemented to protect our everyday lives.”  

Commercial phase for micro-fibrillated cellulose (MFC)
Commercial activity at Stora Enso’s MFC pre-commercial production plant at Imatra, Finland started in early 2015. This is the world’s largest MFC facility and now provides raw material for selected commercial consumer board solutions enabling lighter weight packaging. The development of MFC solutions continues with a focus on source reduction and even more sustainable fibre based packaging using less raw material, as well as barrier coating solutions for grease and oxygen barriers. In the future, it could additionally provide biodegradable aluminium film replacement.

Innovation Centre
Stora Enso’s packaging businesses will open an Innovation Centre at the Group’s head office in Helsinki. The cross-functional centre will offer a stimulating space for customers seeking new ideas in packaging. The focus will be on idea generation, design, new business development and incubation. The space is also designed to host product launches and stakeholder events and there will be a prototype and sample laboratory with state-of-the-art equipment. The official opening will take place later this year.

Capital Markets Day webcast
Stora Enso’s Capital Markets Day takes place in London today. You are welcome to follow the presentations focusing on Stora Enso’s packaging business and innovation in a live webcast starting at 13.00 UK time (14.00 CET, 15.00 EET, 08.00 EDT). Watch at http://edge.media-server.com/m/p/nvkju4nc.

For further information, please contact:
Ulrika Lilja, EVP, Global Communications, tel. +46 72 221 92 28
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 40 763 8767
Hanne Karrinaho, Head of Financial Communications, tel. +358 40 766 9452

About NXP Semiconductors

NXP Semiconductors N.V. (NASDAQ: NXPI) creates solutions that enable Secure Connections for a Smarter World. Building on its expertise in High Performance Mixed Signal electronics, NXP is driving innovation in the application areas Connected Car, Security, Portable & Wearable and Internet of Things. NXP has operations in more than 25 countries, and posted revenue of USD 5.65 billion in 2014. Find out more at nxp.com.

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. storaenso.com

Published in European News
Tagged under

Metso will supply altogether hundreds of valves for Stora Enso's conversion of the Varkaus Mill fine paper machine in Finland to light-weight containerboard. In addition, Metso has carried out an installed base audit of its valves in the recycled fiber plant. The analysis ensures applicability and future performance of the valves in the rebuild. Metso also takes care of the spare part inventory services to the mill.  

2015 05 26 103748

The valve  delivery contains Metso's Neles® ball valves, V-port segment valves and triple eccentric Neldisc® butterfly valves for on-off and control applications. The control valves are equipped with Metso's ND9000 series intelligent valve controllers, which have capability for advanced performance follow-up. They also allow predictive maintenance planning activities.

In the installed base audit of its valves conducted in the recycled fiber plant in Varkaus, Metso analyzed the applicability of the valves for the plant's process and  made recommendations for future maintenance needs. Properly scheduled maintenance activities with the spare part inventory services support mill availability, process performance and enhance risk control.

"Stora Enso and Metso have a long-term relationship in the Varkaus Mill. We are pleased that Stora Enso counts on our expertise to meet their valve solutions needs. In addition to the valve supply contract, the results of Metso's audit ensure that they can utilize the existing valve equipment in the containerboard machine, and the necessary maintenance measures can be foreseen and scheduled. Our spare part inventory services ensure that critical parts are available for them. This will bring cost savings and will ensure optimum process efficiency," emphasizes Marko Lindeman, Sales Director, Pulp and Paper industry in Finland, Metso.

Metso and Stora Enso have a long-term relationship. Metso's flow control solutions are contributing to Stora Enso's process efficiency at several plants globally.

The order was included in Metso's first-quarter 2015 and 2014 fourth-quarter orders received. The values of the orders are not disclosed. The rebuilt containerboard machine is scheduled to start up during the fourth quarter of 2015.

Leading flow control offering and service solutions to pulp and paper customers  

Metso has a long track record of delivering engineered performance and reliability to the pulp and paper industry. Metso is the market leader in control and on-off valves for pulp and paper customers globally - about 75% of the world's pulp flows through Metso's valves. Additionally, Metso is one of the leading suppliers of intelligent valve controllers.

Metso has strong pulp and paper industry expertise in valve solutions, and its comprehensive value-added services improve customers' process efficiency. Metso's flow control offering and services for the pulp and paper industry focus on three main areas: solving technical and process issues, improving business performance, and managing a business area. Today Metso has more than 40 valve and field device service centers worldwide.

Metso's valve technology centers and valve production facilities are located in Finland, the United States, Germany, China, South Korea, India and Brazil.

Stora Enso in brief

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.

Metso is the world's leading industrial company in the mining and aggregates industries and in the flow control business. Our knowledge, people and solutions help drive sustainable improvements in performance and profitability in our customers' businesses.

Metso has an uncompromising attitude towards safety. Our products range from mining and construction equipment and systems to industrial valves and controls. Our solutions are delivered and supported by decades of process knowledge and a broad scope of services backed by a global footprint of over 90 service centers, thousands of service employees, and an extensive logistics network.

Metso is listed on the NASDAQ OMX Helsinki, Finland. In 2014, Metso's net sales totaled EUR 3.7 billion. Metso employs approximately 14,000 industry experts in more than 50 countries. Expect results.

www.metso.com, www.twitter.com/metsogroup

For further information, please contact:

Marko Lindeman, Sales Director, Pulp and Paper industry in Finland, Flow Control, Metso, Tel. + 358 20 483 6008, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Jussi Ollila, Vice President, Global Marketing and Communications, Metso Corporation, Tel. +358 20 484 3212, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Published in European News
Tagged under

stora new1Stora Enso has appointed Liisa Nyyssönen as SVP Communications for the Paper division and Finnish media. Liisa Nyyssönen joins Stora Enso from Ahlstrom Corporation where she has worked as Vice President, Group Communications since 2011. Prior to Ahlstrom she worked as ICT and media sector consultancy lead at Hill and Knowlton Helsinki. Before that she held several communications leadership positions at Nokia.

“I am pleased to welcome Liisa to Stora Enso’s communications team. Her broad experience in media relations, communications strategies and coaching brings a valued addition to our team. Liisa will have a strong role in building our media relations in Finland,” says Ulrika Lilja, EVP Global Communications.

Liisa Nyyssönen will join Stora Enso at the latest in June 2015 and she will report to Ulrika Lilja. She will be based in Helsinki.

For further information, please contact:
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.

Published in European News
Tagged under

Stora Enso is a leading global supplier of packaging materials, serving a whole range of packaging applications – milk, juice, soups, spices, water and yoghurt as well as various high-volume non-food products, such as liquid detergents and fabric softeners. According to the company, their liquid packaging boards, combined with proprietary polymer coatings, offer the best in product protection, printing, converting and filling performance, economy and sustainability.

2015 03 19 221451

Aki Laukkanen, Stora Enso, Superintendent BM4 (left), Riku Suurnäkki, Stora Enso, Production Manager BM4 and CTMP, Tero Jussila, GL&V Sweden AB, Global Business Manager.

Stora Enso’s renewable fiber-based Natura board is an excellent example of a high-performing liquid packaging board with advanced multilayer construction. The two outer layers are made of chemical SBS pulps. The middle layer contains CTMP pulp, which provides the bulk and stiffness for improved yield and package performance. Every third liquid carton in the world is made from Stora Enso’s board.

Stora Enso produces its Natura boards in Finland and Sweden. In Finland the company produces liquid packaging boards at Kaukopää Mill in Imatra on Board Machine 4 (BM4), which has a production capacity of 350,000 t/a. Stora Enso Kaukopää Mill and GL&V Sweden AB have had a long-standing, close and efficient technology partnership that focuses on improving the mill’s overall production economy.

Higher machine speed overloaded existing pulper capacity

Kaukopää’s BM4 was manufactured by Beloit. The wire width is roughly seven meters. The board machine has undergone several modernizations over the years in an effort to boost pro­duction and improve board quality. Following a major rebuild in 2009, production increased so much that the capacity of both the calender pulper and the reel pulper were insufficient to pulp broke board in connection with breaks and grade changes. 2013 machine had another small investment which increased the capacity.

The situation worsened af­ter a minor new investment. The challenge of pulping was the product itself. LPB grade is hard to deflake.

2015 03 19 221529

Partnership between Stora Enso and GL&V Sweden

In this challenging situation, Stora Enso asked GL&V Sweden’s pulp-processing experts to assess the problem and pro­pose corrective measures. According to Stora Enso, the request was based on GL&V’s track record of pulper modern­izations in the production plants of both Stora Enso and other companies. Also in play was the fact that GL&V offers vari­ous technologies that are different from that of competitors, such as solutions based on deflectors.

“Our investment in 2009 boosted our production. However, we ran into a problem with the calender and reel pulpers after web breaks. The pulpers ran out of capacity in con­nection with the tail thread-
ing due to the increased production. This could cause damage to the drying fabrics during tail threading, as well as other technical losses. The board machine’s efficiency also suffered, as restarting it was complicated,” recounts BM4’s Pro­duction Manager, Riku Suurnäkki.

2015 03 19 221511

GL&V team: When did the situation get so bad that you decided to fix the problem with both pulpers at the same time?

“The challenges started some time right after the 2009 rebuild. Back then, how- ever, it still wasn’t such a big problem. It was only after 2013 increased production when the problems escalated, ”Suurnäkki recalls.

“The board machine could, of course, be operated, but it was a preci­sion job,” Aki Laukkanen, Superintendent at BM4.

GL&V team: And you decided to eliminate the problems!

Yes, and we wanted to play it safe! GL&V’s solid pulper modernization references were a good reason to start the co-operation.

The starting point was to get the pulping to work so robustly that the pulpers would no longer have to be run with the same precision as before. Even if there are variations in the process, the pulping pro­cess should still work. We had to ensure excess capacity,” states Aki Laukkanen.

GL&V team: In came GL&V!

Riku Suurnäkki: “The investment was han­dled as agreed and on schedule. The of­fers arrived on time, and the work was per­formed very quickly and well.”

Aki Laukkanen: “After some fine-tuning, the pulpers started up like a charm. Our goal was functionality and that’s what we got. In addition, the modernized pulpers will make our future development projects possible. The biggest part of the work is behind us.”

Riku Suurnäkki: “Tail threading is easier, and during grade changes, the broke board can be directed straight to the pulpers. Broke reels don’t have to go through the winder and warehouse before re-entering the ma­chine.”

Aki Laukkanen: “As an investment, this project went like clockwork, as they say. The pulpers worked without a hitch right from the start, and the main problem was eliminated all at once.”

The modernization of both the calender pulper and reel pulper at Stora Enso’s Kaukopää Board Mill in Imatra, Finland

Board Machine BM4
Product Liquid Board
Basis Weight 180–420 g/m2
The Calender Pulper:
Capacity    1360 TPD
Operating consistency    4%
Motors (customer’s supply)    2 x 400 kW
Screen plates    Holes 15 mm
Vat volume (net)    61 m3
Scope of delivery:
New TamPulper™ rotors (2 pcs) 1270 mm
New deflectors on the front wall of the vat
New deflectors on the bottom of the vat
New splash chute
Assembly supervision, startup and operation optimization
The Reel Pulper
Capacity    1360 TPD
Operating consistency    4%
Motors (existing)    2 x 400 kW
Screen plates    Holes 15 mm
Vat volume (net)    67 m3

After some fine-tuning, the pulpers started up like a charm. Our goal was functionality and that’s what we got.

Published in European News
Tagged under

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

stora new1As 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.

Name until 31 Dec 2014 Name from 1 Jan 2015
Renewable Packaging -
- Consumer Board Division
- Packaging Solutions Division
Biomaterials Biomaterials Division
Building and Living Wood Products Division
Printing and Reading Paper Division
Other Other

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.
Published in Financial News
Tagged under

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.

2015 03 17 091016Gilles 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.

2015 03 17 090953Markus 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.
Published in European News
Tagged under

stora new1Stora 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.

Published in European News
Tagged under

stora new1Stora 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.
Published in European News
Tagged under
Tuesday, 16 December 2014 22:34

Stora Enso to divest its Uetersen Mill

stora new1Stora 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.

Published in European News
Tagged under
Tuesday, 09 December 2014 07:03

Stora Enso opens new biomaterials innovation centre

stora new1Stora 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.

Published in European News
Tagged under
Page 10 of 21

By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyse site usage. Site Terms and conditions