Stora Enso divests its Hartola production unit and enters into partnership with Pyhännän Rakennustuote Oy

STORA ENSO OYJ PRESS RELEASE 1 June 2016 at 13.00 EET

Stora Enso will divest its Hartola production unit to the Finnish wood products company Pyhännän Rakennustuote Oy. The Hartola unit in Finland produces pre-fabricated wooden housing modules and is part of Stora Enso’s Wood Products division.

In addition to the divestment agreement, Stora Enso and Pyhännän Rakennustuote have signed a partnership agreement which aims to further increase the use of wood in construction. The financial effects of the transaction on Stora Enso are not significant.

“This transaction supports the growth of both companies. We will continue providing Pyhännän Rakennustuote with massive wooden construction materials from classic sawn goods to elements such as cross laminated timber (CLT) and laminated veneer lumber (LVL),” says Jari Suominen, Head of Stora Enso’s Wood Products division. “We will create a strong partner network to provide competitive offerings and to promote the use of wood in construction.”

In spring 2016 Stora Enso launched Building Systems by Stora Enso in Central Europe. This architectural guideline is linked to building systems that aim to increase the use of wood as construction material. These systems will be launched in Finland and Scandinavia in the second half of 2016.

“With our newly launched Building Systems and the new LVL line in Varkaus complementing our existing product portfolio, we are ready to grow with our partners,” says Jari Suominen.

About Stora Enso’s Wood Products division
Stora Enso’s Wood Products division provides versatile wood-based solutions for building and housing. Our product range covers all areas of urban construction including massive wood elements, wood components and pellets. We offer a variety of sawn timber goods. Our customers are mainly construction and joinery companies, merchandisers and retailers. Wood Products operates globally and has more than 20 production units in Europe.

For further information, please contact:
Cathrine Wallenius, SVP Communication Wood Products, tel. +46 70 209 2429

Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 26 000 people in more than 35 countries, and our sales in 2015 were EUR 10.0 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) on the International OTCQX over-the-counter market. storaenso.com

STORA ENSO OYJ

For further information, please contact:
Cathrine Wallenius
SVP Communication Wood Products
tel. +46 70 209 2429