Stora Enso expands its corrugated packaging business in Russia
STORA ENSO OYJ Stock Exchange Release 24.5.2006 at 14.00
Stora Enso expands its corrugated packaging business in Russia
Stora Enso has decided to build its third corrugated packaging
plant in Russia, at Lukhovitsy, some 130 km southeast of Moscow.
The annual production capacity of the plant, which will employ
some 175 people, will be 150 million m2 of corrugated board. The
capital expenditure is estimated at EUR 54 million. Construction
of the plant will begin in September 2006, with production
starting up in the first quarter of 2008.
Stora Enso has positive experience of the corrugated packaging
business in Russia and aims to be the leading producer of
corrugated board in the European part of Russia.
The new plant will serve the growing demand for high-quality
packaging in Russia, especially in the Moscow region. Customers
will be mainly in the food, beverage, cigarette and electronics
industries, representing both international and Russian brands.
Stora Enso already has two corrugated packaging plants in
Russia. The first plant started operations at Balabanovo in 1998
and the second at Arzamas in 2004. The two plants have 450
employees and produced a total of 215 million m2 of corrugated
packaging board in 2005.
For further information, please contact:
Veli-Jussi Potka, Senior Vice President, Industrial Packaging,
tel. +358 2046 21486
Pekka Pöllänen, Vice President, Corrugated Board Business, tel.
+358 2046 27300
Keith B Russell, Senior Vice President, Investor Relations, tel.
+44 20 7016 3146
Kari Vainio, Executive Vice President, Corporate Communications,
tel. +44 20 7016 3140
PRESS KIT
A press kit is available at
http://bmt.storaenso.com/storaensolink.jsp?imageid=060524 that
includes the following:
- background information about Stora Ensos corrugated board
business in Russia
- map showing the locations of Stora Ensos corrugated board
plants in Russia
- images that may be freely used to illustrate articles about
Stora Enso
Copy and paste the above link into your web browser to download
these files.
www.storaenso.com
www.storaenso.com/investors
STORA ENSO OYJ
p.p. Jussi Siitonen Jukka Marttila