HELSINKI, Oct. 20, 2021 /PRNewswire/ -- 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.
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
For further information, please contact:
Satu Harkonen
Press Officer, Stora Enso
+358 40 832 7458
Investor enquiries:
Ulla PaajanenSVP
Investor Relations
tel. +358 40 763 8767
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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