Stora Enso has signed an agreement to divest its paper mill in Hylte, Sweden, and all its related assets to Sweden Timber, a Sweden-based sawmill and planning mill company. The enterprise value is approximately EUR 18 million. The Hylte Mill in southwest Sweden is one of the largest newsprint mills in the world, and has […]
Tag Archives: Sylvamo
03
Jan
Jan
Sylvamo today completed the acquisition of Stora Enso’s uncoated freesheet paper mill in Nymölla, Sweden, for 150 million euros. The integrated mill has two pulp lines and the capacity to produce approximately 500,000 short tons of uncoated freesheet on two paper machines. The mill produces several brands, including Multicopy, and paper used for office printing, […]
08
Oct
Oct
Sylvamo announced it reached an agreement and completed the sale of its Russian operations to Pulp Invest Limited Liability Company for $420 million. After foreign currency exchange rates and transaction fees, Sylvamo received approximately $390 million in cash proceeds. “We made a principle-based decision to exit Russia and believe Pulp Invest is the best option […]
20
Sep
Sep
New deal Finland’s Stora Enso has signed a contract to sell its Nymölla paper production site in Sweden and all related assets to Sylvamo, a US-based uncoated paper maker. “The enterprise value is EUR 150 million. Closing is expected in the beginning of 2023, subject to regulatory approvals,” Stora Enso said in a statement. The Nymölla plant […]