Displaying items by tag: Stora Enso

Stora Enso has started a feasibility study at its paper production site in Langerbrugge, Belgium, for the conversion of one of the two paper lines into a high-volume recycled containerboard line. Aligned with Stora Enso’s strategic focus on renewable materials, the investment would support the growth opportunity created by the increasing demand for recycled packaging board.

Stora Enso’s Langerbrugge site currently has two paper lines in production, one for newsprint and one for supercalendared (SC) magazine paper. The feasibility study will focus on the conversion of the site’s newsprint paper line. The conversion would enable Stora Enso to further grow its recycled and recyclable packaging materials capacity and to meet the growing demand in end-use segments such as industrials, e-commerce, furniture and electronics.

The feasibility study is expected to be finalised in the first half of 2023. Depending on an investment decision, the converted line is expected to be in production during 2025. The annual capacity would be 700,000 tonnes of testliner and recycled fluting grades and would generate annual sales of approximately EUR 350 million when run at full capacity. The total investment for the conversion is estimated to be approximately EUR 400 million.

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“Today we produce recycled containerboard in Poland, mainly for the Eastern European market. A conversion in Langerbrugge would establish a competitive position for us in Western Europe as well. In addition to sourcing materials for recycled containerboard, the study will also assess the handling of different incoming recycling streams, including laminated grades. Having successfully completed conversions at other sites, we would be able to leverage important learnings from those projects,” says Hannu Kasurinen, Executive Vice President, Packaging Materials division.

Stora Enso announced in March this year that it was initiating a sales process for possible divestment of four of its five paper production sites. The Langerbrugge site has been excluded from this process and will be retained within the Group. The future of the Langerbrugge site’s SC paper line will be evaluated if a decision is made regarding the conversion of the newsprint paper line.

“If an investment decision is made, the Langerbrugge site will continue to serve our paper customers as usual until at least the end of 2024. The central location, experienced personnel and good access to recycled fiber remain core strengths of the site,” says Kati ter Horst, Executive Vice President, Paper division.

Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials, wooden construction and paper, and one of the largest private forest owners in the world. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has approximately 22,000 employees and our sales in 2021 were EUR 10.2 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (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 divested its three corrugated packaging plants in Russia. The Company’s Lukhovitsy, Arzamas and Balabanovo packaging plants have been divested to local management.

Stora Enso’s assessment is that due to the uncertainties in the Russian market, local ownership and operation will provide a more sustainable long-term solution for these businesses and their respective employees.

stora new 2017The transaction will have no material impact on Stora Enso’s annual sales and Operational EBIT. Due to reduced business prospects for these businesses, an impairment loss of EUR 35 million was recorded in the first quarter result. The additional loss on the transaction under IFRS will be approximately EUR 55 million, consisting mainly of currency translation adjustments to be recorded at the closing date. The expenses are considered as items affecting comparability.

The divested sites are located in Lukhovitsy, Arzamas and Balabanovo employing approximately 620 people and have a total annual capacity of 395 million m² of corrugated packaging. The sites primarily produce corrugated packaging for grocery, home improvement, confectionery and pet food segments in the domestic Russian market.

Stora Enso announced on 2 March 2022 that it would stop all production and sales in Russia until further notice. On 25 April, Stora Enso announced the divestment of its two sawmills and forest operations in Russia to local management.

Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials, wooden construction and paper, and one of the largest private forest owners in the world. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has approximately 22,000 employees and our sales in 2021 were EUR 10.2 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com

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Stora Enso is starting a feasibility study for the possible conversion of an idle paper machine at its Oulu site in Finland for a high-volume consumer board line. On a successful completion of the feasibility study, an investment decision could be made by the end of 2022 with start-up in 2025.

Stora Enso’s strategy is to invest in growth to support the strong, continuous demand for sustainable packaging. This is one of the key strategic focus areas in which the Group is building its market share with both existing and new customers. Stora Enso already holds a leading global market position in this segment. The potential investment in Oulu would target high-quality and low carbon-footprint packaging segments for frozen and chilled food and beverages, as well as for non-food applications such as pharma and cosmetics. The feasibility study will also assess how the conversion could contribute to Stora Enso’s science-based targets regarding operational CO2 emissions.

“This investment would respond to the strong customer demand to replace plastic in packaging. During the study, we will evaluate the profitability of the possible conversion and how to optimise current production synergies to create a modern mega-site at Oulu. In addition to strong demand, we can rely on an experienced team and what we learnt from the first successful conversion in Oulu, which is already ahead of schedule on profitability,” says Hannu Kasurinen, Executive Vice President, Packaging Materials division.

Consumer packaging board productsConsumer packaging board products

Based on full ramp-up, the potential top line sales impact of the conversion would gradually reach an annual level of EUR 800 million. Capital expenditure is estimated to be EUR 900–1,000 million during 2023–2026. The investment would include the conversion of the former paper machine and the sheeting facility. It would also include investments in wood handling, the bleached chemi-thermomechanical pulp (BCTMP) plant, the biomass boiler and the effluent treatment plant.

The increase in pulp wood consumption in Oulu would be approximately one million cubic metres, utilising the volumes freed up after closure of the Veitsiluoto site. With the investment, an estimated 150−200 new employees would be needed, including logistics and maintenance. The investment would also utilise captive chemical pulp, creating a net reduction of approximately 300,000 tonnes in Stora Enso’s total market pulp exposure.

The planned annual capacity of the converted machine would be 750,000 tonnes of folding box board (FBB), coated unbleached kraft (CUK) and liner grades.

Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials, wooden construction and paper, and one of the largest private forest owners in the world. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has approximately 22,000 employees and our sales in 2021 were EUR 10.2 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com

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Stora Enso is extending its packaging offering with a new portfolio of bio-based foams from wood. The products are fully recyclable and can be used for protective and thermal packaging. Lightweight wood foams address the need for climate-friendly, renewable and circular cushioning materials in inner packaging.

Stora Enso’s offering consists of Fibrease™ by Stora Enso and Papira® by Stora Enso. Both foams come with versatile technical and sustainability properties, and customers can select a suitable foam based on their specific packaging requirements. The foams can be used for protecting fragile goods and are optimal for thermal packaging of temperature sensitive products. Fibrease is commercially available now, while the pilot plant for producing Papira has started operations at the Fors site in Sweden, following the investment announced in August 2020.

Fossil-based packaging is a major contributor to pollution, accounting for 40% of the world’s plastics. Today fossil-based materials, such as plastic wrap or polystyrene foams, are widely used as cushioning and insulating materials in packaging. With Fibrease and Papira, Stora Enso now introduces renewable and climate-friendly alternatives to fossil-based packaging protection. The bio-based foams come from certified wood and are recyclable in paper recycling streams.

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“Consumers of today are pushing to minimise the use of plastic and maximise recyclability. At the same time, the need for packaging protection is increasing due to growing demands in e-commerce and cold-chain logistics. With our bio-based foams we help customers create eco-friendly and circular packaging solutions, while also meeting material performance needs to protect and insulate the goods,” says Markus Mannström, EVP Biomaterials at Stora Enso.

Stora Enso’s new pilot plant aims to evaluate and validate Papira as a packaging foam in customer tests. Stora Enso’s Fors site in Sweden, where the Papira pilot facility is located, produces lightweight paperboards for consumer packaging.

About Stora Enso’s wood foam products

Fibrease™ by Stora Enso is made with up to 98% renewable materials and designed to replace polyurethane (PU) foams and polystyrene (EPS) as well as formed in-place fossil-based solutions. Fibrease is a soft yet resilient material with a memory foam-like behaviour and can be fabricated by using different foam cutting techniques and thermoforming. It comes with a high insulating capacity and is suitable for thermal packaging, for example in online grocery sales and medicine shipments. The foam is recyclable in the paper and board stream and optimal for recycling in closed loops to new material and products.

Papira® by Stora Enso is a fully bio-based and biodegradable foam that is fully recyclable in any paper stream. It is a rigid yet flexible foam that provides high protection against shock and offers a plastic-free alternative to polymeric foams such polyethylene (PE), polystyrene (EPS) and polyurethane (PU). Papira is designed for optimal protection of fragile, sensitive and high-value consumer goods such as electronics as well as industrial appliances. It can be fabricated by using different foam cutting techniques and lamination.

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and its sales in 2020 were EUR 8.6 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). storaenso.com

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Stora Enso is investing EUR 97 million to expand the board production at the Skoghall site in Sweden.  At the same time, Stora Enso is initiating a pre-feasibility study to convert the second, currently idle, line at its Oulu site in Finland, to a packaging board line.

Market demand for sustainable packaging is increasing. Stora Enso is a global leader in consumer packaging with strong market positions in attractive end-uses. The investment in Skoghall will further drive profitable growth in attractive end-use segments, such as liquid packaging board and coated unbleached kraftliner, and is expected to be completed in the second half of 2023. Following the investment, the annual packaging board production at Skoghall can be increased by approximately 100 000 tonnes, to a total capacity exceeding 900 000 tonnes, subject to environmental permits.

The investment decision follows the completion of the feasibility study announced in November 2020. Based on the study, Stora Enso has decided not to go ahead with the originally planned pulp capacity expansion. The original feasibility study had an estimated capital expenditure of approximately EUR 800–850 million for both pulp and board capacity expansion. The board expansion in Skoghall will be implemented through debottlenecking of one of the existing production lines, and executed in two steps, utilising the scheduled maintenance stops.

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Growth in sustainable packaging is a long-term strategic objective for Stora Enso. Following the successful conversion in Oulu from paper to kraftliner production for food applications, Stora Enso has decided to initiate a pre-feasibility study to convert the second, idle paper line into a packaging board line. The first conversion ramp-up in Oulu has proceeded ahead of plan since production started at the beginning of the year. A second conversion would further improve the Oulu site’s flexibility and competitiveness, through integrated pulp availability, additional fixed and variable cost savings, and ability to utilise the adjacent deep-sea harbour. The pre-feasibility study will be completed early 2022.

“Skoghall is one of our key integrated production sites for eco-friendly packaging materials. The investment strengthens Stora Enso’s capability to produce high-quality and cost-competitive consumer board grades within the growing core segments of liquid and food packaging. In Oulu, the ramp-up of the first converted production line has been successfully executed, reaching towards full capacity, quality requirements as well as profitability ahead of plan. Through both these growth initiatives we are demonstrating speedy time-to-market and ability to respond to the increasing demand for more sustainable packaging,” says Hannu Kasurinen, EVP Stora Enso’s Packaging Materials division. 

Stora Enso’s Skoghall site in western Sweden is a modern, world-class producer of consumer packaging board, for liquid packaging and dry food packaging. Total annual production currently exceeds 800 000 tonnes of board. 

Stora Enso’s Oulu site is a premium kraftliner producer in northern Finland. In early 2021, one of two former paper machines, was converted to kraftliner for consumer packaging applications. The pulp mill and drying machine were modified to produce unbleached brown pulp. The second former paper production line has been kept idle in the meantime. When fully ramped up, the annual capacity of the first line is 450 000 tonnes of kraftliner and 550 000 tonnes of pulp.

Earlier releases:
11 November 2020: Stora Enso to start feasibility study for expanding pulp and board capacity at Skoghall Mill
29 January 2021: Production started at Stora Enso’s Oulu Mill

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 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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Wednesday, 01 September 2021 08:53

Stora Enso wins four ScanStar packaging design awards

Stora Enso has received four Nordic ScanStar awards for convenient, eco-friendly packaging designs that replace plastic. All winning designs are made of renewable wood fiber. This year the ScanStar awards received a total of 32 submissions from the Nordic countries and 14 awards were given out. The jury assessed the level of competition to be high.

Stora Enso’s winning designs are:

Eco-friendly magazine packaging concept for Vogue Scandinavia

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Vogue Scandinavia is disrupting the publishing industry in many ways. One of the unique features of Vogue Scandinavia is its sustainable packaging concept. There are two packaging versions: Normal Edition and the Collectors’ Item Limited Edition made from EnsocoatTM by Stora Enso. The package replaces the traditional single use plastic wrapping used in magazines.

The magazine and packaging are carbon neutral, made with a renewable, low-carbon raw material, and energy efficient production. The remaining emissions are offset by using the CarbonZero service by Stora Enso, in collaboration with compensation partner South Pole.

EcoFreshBox

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The innovative berry container comes in several sizes and can be used for many other products too. It replaces plastic packaging – even the integrated lid is made from corrugated board. Half a million renewable berry containers can help cut out 4500 kilograms of fossil plastic. The packaging is cost-effective, easy to use, rigid, and effortless to flatten before recycling. Customer-specific images can be printed on the package to increase visibility and attractiveness.

Lighting track Multipack

2021 09 01 085106The corrugated board packaging is optimised for transporting fragile products. It has innovative folding with corner protections. It helps streamline the packaging process, helps avoid plastics as plastic wrapping is not needed, and it is very protective and reduces transportation damages. The packaging is user-friendly in packing and unpacking and simple to recycle.

Packaging for intelligent fridge

2021 09 01 085024The renewable logistics packaging is made for an intelligent fridge, currently used by Selfly Store by Stora Enso. Selfly Store is a complete, easy to set up solution that enables you to run your own unmanned self-service micro-store. The packaging replaces solutions that typically include a mix of materials: EPS, shrink-plastic, and wood. It is trouble-free to recycle as this packaging is fully made of renewable corrugated board. The packaging process does not require any external tools and supports ergonomic work throughout the supply chain.

About ScanStar

Scanstar is a joint Nordic packaging competition held annually since 1969 by the Scandinavian Packaging Association SPA. The competition is open for all packaging solutions designed, converted, or used in one of the Nordic countries. Scanstar 2021 was organised by Svenska Förpackningsgillet.

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com

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Stora Enso is introducing its new eco-friendly take-away bowls for food service packaging, PureFiber™ by Stora Enso. The products are free from plastic and PFAS and are designed to help customers replace plastic on-the-go food packaging. The bowls are being brought to market together with the wholesale company Tingstad. The PureFiber™ product range will expand to other food and consumer goods applications.

Stora Enso’s formed fiber products are designed for circularity, meaning that they are renewable, recyclable and biodegradable. The PureFiber™ product line enables a carbon footprint that is approximately 75% lower compared to alternative product materials such as plastic or bagasse. The unique formed fiber technology allows the products to be produced without plastic and PFAS, bringing a sustainable alternative with strong user-qualities to the market.

2020 12 18 111619“Consumers are looking for products designed for more eco-friendly lives,” says Sohrab Kazemahvazi, Senior Vice President, Formed Fiber at Stora Enso. “They want to minimise waste and their carbon footprint and reduce their use of plastic. The formed fiber products we are bringing to market are game changing in the sense that they help strong brands achieve their ambitions in sustainability and the circular economy.”

Stora Enso sells its formed fiber products directly to brand owners and wholesalers. In the Nordic countries Stora Enso cooperates with wholesaler Tingstad, which sells PureFiber™ food bowls directly to customers in the fast-food industry. Tingstad is a family-owned company and the market-leading distributor of disposables and food service products to the HORECA sector in the Nordic countries.

“We strongly believe that PureFiber™ will play an important role in the market conversion from plastic to non-plastic food packaging. We are excited to bring a truly sustainable solution to the market together with Stora Enso,” says Johan Larsson, Purchasing Manager at Tingstad.

PureFiber™ products are produced in Stora Ensos Hylte Mill in Sweden and made of natural wood fibres from sustainably managed forests. Potential applications also include non-food items to replace plastic consumables in agriculture, electronics and consumer and industrial goods packaging.

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 25 000 employees in over 30 countries. Our sales in 2019 were EUR 10.1 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 is introducing its new eco-friendly take-away bowls for food service packaging, PureFiber™ by Stora Enso. The products are free from plastic and PFAS and are designed to help customers replace plastic on-the-go food packaging. The bowls are being brought to market together with the wholesale company Tingstad. The PureFiber™ product range will expand to other food and consumer goods applications.

Stora Enso’s formed fiber products are designed for circularity, meaning that they are renewable, recyclable and biodegradable. The PureFiber™ product line enables a carbon footprint that is approximately 75% lower compared to alternative product materials such as plastic or bagasse. The unique formed fiber technology allows the products to be produced without plastic and PFAS, bringing a sustainable alternative with strong user-qualities to the market.

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“Consumers are looking for products designed for more eco-friendly lives,” says Sohrab Kazemahvazi, Senior Vice President, Formed Fiber at Stora Enso. “They want to minimise waste and their carbon footprint and reduce their use of plastic. The formed fiber products we are bringing to market are game changing in the sense that they help strong brands achieve their ambitions in sustainability and the circular economy.”

Stora Enso sells its formed fiber products directly to brand owners and wholesalers. In the Nordic countries Stora Enso cooperates with wholesaler Tingstad, which sells PureFiber™ food bowls directly to customers in the fast-food industry. Tingstad is a family-owned company and the market-leading distributor of disposables and food service products to the HORECA sector in the Nordic countries.

“We strongly believe that PureFiber™ will play an important role in the market conversion from plastic to non-plastic food packaging. We are excited to bring a truly sustainable solution to the market together with Stora Enso,” says Johan Larsson, Purchasing Manager at Tingstad.

PureFiber™ products are produced in Stora Ensos Hylte Mill in Sweden and made of natural wood fibres from sustainably managed forests. Potential applications also include non-food items to replace plastic consumables in agriculture, electronics and consumer and industrial goods packaging.

For further information, please contact:
Eeva Taimisto
Head of Communications, Stora Enso Packaging Solutions
tel. +358401723832

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 25 000 employees in over 30 countries. Our sales in 2019 were EUR 10.1 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

www.tingstad.com

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Stora Enso has started the production of formed fiber food service products at Hylte Mill in Sweden. The production ramp-up follows the investment announced in 2019 and enables the manufacture of products that are renewable, recyclable and biodegradable. The PureFiberTM by Stora Enso eco-product range is produced without plastic and per- and polyfluoroalkyl substances (PFAS), enabling a safe and sustainable alternative for fresh food packaging. The Group is also investing in more formed fiber capacity in Sweden and China.

Through its partnership with HS Manufacturing Group and its patented technology, PROTĒAN®, Stora Enso offers a plastic-free barrier technology for food contact packaging applications. The joint patent-pending technology offers a recyclable and biodegradable solution that gives fiber-based packaging water-, grease- and oil-resistant barrier properties, without plastic or PFAS. The solution can be applied for a range of products, such as single-use food service items. A Life Cycle Analysis study shows that the PureFiberTM product line has a CO2 footprint that is approximately 75% lower compared to competing packaging materials.

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“Market demand for formed fiber products is accelerating, and these products offer a unique solution to meet that demand. Single-use plastics are already banned in many countries and PFAS in food applications are increasingly scrutinised by health authorities. This ramp-up marks our first step in putting a new generation of sustainable and safe formed fiber products on the market,” says David Ekberg, Executive Vice President, Packaging Solutions Division at Stora Enso.

To meet the demand for formed fiber solutions, Stora Enso is investing in additional production capacity in Hylte Mill in Sweden and Qian’an Mill in China. The annual capacity at both mills will be approximately 115 million units of products.

“Expanding our formed fiber production in China will support the Chinese efforts to replace single-use food packaging with sustainable and safe alternatives,” says David Ekberg.

A formed fiber product is manufactured by pressing various wood-based pulps into a three-dimensional shape in a moulding machine. The raw material used in PureFiberTM products is pulp made from wood from sustainably managed forests.

Read more about PureFiberTM by Stora Enso: https://hubs.li/H0wD91D0

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 25 000 employees in over 30 countries. Our sales in 2019 were EUR 10.1 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 is making an investment in dispersion barrier technology at its Forshaga site in Sweden, as a step in its innovation agenda. The investment of approximately EUR 10 million enables the development and production of paperboard with barrier properties that are easier to handle in a recycling process, have a lower carbon footprint and can be compostable in industrial facilities. The new equipment is expected to come into use during the second quarter of 2021.

Stora Enso Forshaga manufactures and develops barrier solutions that are required in certain packaging, for instance to protect against liquid, moisture, oxygen or fat. Liquid packaging, beverage cups and certain food packaging are some of the products that have a barrier which serves to protect the packaged product, while also ensuring that the packaging maintains its user-qualities. The investment in new dispersion technology aims to achieve the desired barrier properties in a more sustainable way.

Food Service ProductsFood Service Products

“Stora Enso wants to minimise the use of fossil-based materials and replace them with renewable solutions based on wood fiber. By investing in the development of sustainable packaging barriers, we help our customers and consumers become more eco-friendly while creating value in the circular bioeconomy. The commercialisation of fiber-based products with barrier properties that have a lower carbon footprint and work better in a recycling system is an important development area within food packaging,” says Hannu Kasurinen, Executive Vice President of Stora Enso’s Packaging Materials division.

Stora Enso Forshaga has an annual capacity of approximately 120 000 tonnes of barrier coating across two machines/coating lines, with around 100 employees. Since the beginning of this year, the Forshaga site has also become a competence center within Stora Enso’s Packaging Materials division, tasked with producing and developing new bio-based barrier technologies and products.

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 25 000 employees in over 30 countries. Our sales in 2019 were EUR 10.1 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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