Stora Enso has signed an agreement to divest its paper production site in Hylte, Sweden and all its related assets to Sweden Timber, a Sweden-based sawmill and planning mill company. The enterprise value is approximately Euro 18 million. The completion of the transaction is expected in the first half of 2023. Concerning the Anjala paper […]
Tag Archives: Stora Enso’s Paper division.
22
Dec
Dec
Stora Enso has initiated a sales process for a possible divestment of its consumer board production site in Beihai, China. The divestment would also include the Group’s forestry operations in the surrounding region, which supply raw material to the Beihai site. The sales process supports Stora Enso’s strategy to focus on long-term profitable growth within […]
13
Jun
Jun
Stora Enso invests in ACDF Industrie SAS and becomes a 35% shareholder of the French wood processing company. The investment is in line with Stora Enso’s growth strategy for mass timber building elements, enabling value-added, bespoke CLT (cross-laminated timber) solutions to its long-term French partners. ACDF Industrie SAS works with all engineered wood products like […]
29
May
May
Stora Enso has signed an agreement to divest its Sachsen Mill located in Eilenburg, Germany, to the Swiss-based family-owned company Model Group. Sachsen Mill has an annual production capacity of 310 000 tonnes of newsprint specialty paper based on recycled paper. Under the agreement, Model Group will own and operate Sachsen Mill after the transaction […]