{"id":61134,"date":"2022-04-25T14:55:40","date_gmt":"2022-04-25T12:55:40","guid":{"rendered":"https:\/\/packaging-journal.de\/?p=61134"},"modified":"2022-04-25T14:26:20","modified_gmt":"2022-04-25T12:26:20","slug":"stora-enso-sells-plants-in-russia","status":"publish","type":"post","link":"https:\/\/packaging-journal.de\/en\/stora-enso-veraeussert-werke-in-russland\/","title":{"rendered":"Stora Enso sells plants in Russia"},"content":{"rendered":"
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Stora Enso already stopped producing and selling wood in Russia at the beginning of March. The company has now reached an agreement to sell its two sawmills in the country. The mills are to be sold to the local management as well as the company's Russian forestry operations.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Stora Enso<\/a> believes that, due to the uncertainties on the Russian market, local operations will have a long-term more sustainable solution for these business units and the employees working in them<\/strong> offer. The transaction is expected to close in Q2 2022, subject to the necessary approvals, and will not have a material impact on the company's annual revenue and operational EBIT.<\/p>

Due to the reduced business prospects, an impairment loss of EUR 70 million was recognised in the result for the first quarter. The additional loss from the transaction in accordance with IFRS will amount to approximately EUR 60 million, consisting mainly of currency translation differences to be recognised at the closing date.\u00a0<\/p>

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The Nebolchi and Impilahti sawmill sites are located in Novgorod and Karelia and employ around 330 employees and have a total annual capacity of 350,000 cubic metres of sawn timber<\/strong>including 55,000 cubic metres of processed wood and 65,000 tonnes of pellets. The company employs around 170 people in its Russian forestry operations and manages long-term logging rights for around 370,000 hectares.<\/p>

Source:\u00a0<\/em>Stora Enso<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Further news on Ukraine <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tUkrainian companies impress at WorldStar Awards\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\tAt the WorldStar Awards of the World Packaging Organisation, three companies from Ukraine were delighted to receive an award.\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \"\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t
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\"The<\/div><\/a>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tLearn English through play\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\tA cardboard packaging designed to teach Ukrainian children the Latin alphabet was honoured with the German Packaging Award.\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \"\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tThe Ukrainian printing industry after eight months of war\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\tAfter eight months of war, CEO of Ukrainian printing company Slavena, Valeriia Grankina, looks back at what has changed in the Ukrainian printing industry. For packaging journal, she takes a look at different types of companies that are still operating and how the competition on the market has changed.\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \"\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tA printing industry after eight months of war\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\tAfter eight months of war, Valeriia Grankin, CEO of a Ukrainian printing company, looks at the changes in the country's printing industry.\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \"\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tKoenig & Bauer makes itself independent of gas\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\tIn view of an impending gas shortage, the W\u00fcrzburg-based printing press company Koenig & Bauer has adjusted its production. The process gas previously used in production could be replaced from the end of July 2022, and the heating energy at the large production sites could be gas-free by 1 September 2022.\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \"\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tSupplier industry struggles with rising costs\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\tAccording to ArGeZ, suppliers recorded a 13 per cent increase in turnover. However, the dynamic global situation continues to weigh on the industry.\u00a0\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \"\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"Stora Enso has reached an agreement to sell two sawmills and a forestry operation in Russia to local management.","protected":false},"author":1,"featured_media":61138,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"__cvm_playback_settings":[],"__cvm_video_id":"","rank_math_description":"Stora Enso hat eine Vereinbarung zur Ver\u00e4u\u00dferung zweier S\u00e4gewerke und einem Forstbetrieb in Russland an das lokale Management getroffen.","rank_math_focus_keyword":"ver\u00e4u\u00dfert,stora enso","rank_math_title":"","csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[114],"tags":[43,59142,32,1487,58747,59559],"class_list":{"0":"post-61134","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aus-den-unternehmen-news","8":"tag-aus-den-unternehmen","9":"tag-news-express","10":"tag-packmittel-und-packstoffe","11":"tag-papier-pappe-karton","12":"tag-stora-enso","13":"tag-ukraine","14":"cs-entry","15":"cs-video-wrap"},"acf":[],"vimeo_video":null,"_links":{"self":[{"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/posts\/61134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/comments?post=61134"}],"version-history":[{"count":0,"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/posts\/61134\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/media\/61138"}],"wp:attachment":[{"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/media?parent=61134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/categories?post=61134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/tags?post=61134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}