In order to focus on its growth areas renewable products in packaging, building solutions and biomaterials innovations, Stora Enso plans to divest four productions sites for paper. Among the sites are Anjala in Finland, Hylte and Nymölla in Sweden and Maxau in Germany.
The assets are quality sites for paper and pulp production with strong infrastructure, and skilled and experienced staff. Currently the company has five paper production sites that are supported by divisional sales, management, and administrative functions. In total, the Paper division employs approximately 2,200 employees. In 2021, the Paper division’s net sales amounted to EUR 1,703 million.
„Through divesting a majority of our paper assets, we are able to increase the focus on our defined strategic growth areas of renewable packaging, building solutions and biomaterials innovations. When assessing potential divestment options, we look for new ownership that will provide a sustainable long-term future for the sites and the people that work there.“
Annica Bresky, President and CEO
The four sites are subject to divestment in one or a series of transactions. The company has not committed to a deadline for the conclusion of the divestment process. The initiated sales process has no immediate effect on Stora Enso’s paper operations which continue to serve their respective customers. The Langerbrugge site in Belgium will be retained within the Group.
Quelle: Stora Enso
More packaging news
A contract with a handshake is valid
Managing director Tina Gerfer of Wilhelm Rasch Spezielmaschinenfabrik has modernized the company and successfully guided it through difficult times.
Asynchronous servo solutions for the packaging industry
From primary packaging to final packaging, electric drives play an important role. With a broad portfolio, Nord Drivesystems supports customers.
Label Durability
Labels offer many functions which can get lost due to label removal. PTS assesses labels and cardboard for durability and tamper evidence.
More design for recycling for cosmetics packaging
Packaging for decorative cosmetics is very special. The Forum Rezyklat calls for the recyclability of packaging to be taken into account when designing it.
Innovation Barometer 2024
According to a survey conducted by Aktionsforum Glasverpackung 2024 is set to be a highly innovative year for glass packaging.
Flexible packaging system for natural cosmetics
Sustainability is part of Weleda’s identity. IWK is also contributing to this with its new flexible packaging line for many natural cosmetic products.