updated 4/20/2011 8:16:56 AM ET 2011-04-20T12:16:56

HELSINKI, Finland, April 20, 2011 (GLOBE NEWSWIRE) -- Stora Enso is responding to growing demand and expectations in the packaging market by investing approximately EUR 90 million in Skoghall Mill in Sweden. The investment will enable further development of Skoghall Mill by securing its competitiveness and safeguarding its wood raw material supply by improving wood handling.

"We are continuously rethinking to find efficient new solutions so we can better meet our customers' needs. Skoghall Mill is one of our key assets in the liquid packaging board business in Europe, and this is an important step to
improve the mill's competitiveness. In addition, the investment will support the wood and chip handling to all our Swedish mills," says Mats Nordlander, Executive Vice President, Packaging Business Area.

Stora Enso will build a new woodroom and woodyard at Skoghall Mill with annual wood handling capacity of 1.9 million m3. The investment is scheduled to be completed by the end of the fourth quarter of 2012.

For further information, please contact:

Mats Nordlander, EVP, Packaging Business Area, tel. +46 1046 72703
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242
Lauri Peltola, Head of Group Communications and Global Responsibility, tel.+358 2046 21380
 

www.storaenso.com

www.storaenso.com/investors

Stora Enso is the global rethinker of the packaging, paper and wood products 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 26 000 people worldwide, and our sales in 2010 amounted to EUR 10.3 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.

STORA ENSO OYJ

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.73%
$30K home equity loan FICO 5.26%
$75K home equity loan FICO 4.70%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.42%
13.42%
Cash Back Cards 17.94%
17.94%
Rewards Cards 17.14%
17.14%
Source: Bankrate.com