Stora Enso divests of four paper sites

Image of big white paper rolls in a storage hall.
Stora Enso plans to divest four of its paper production sites. (Image: shutterstock/Phonlamai Photo)

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

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