Stora Enso invests in woodhandling at Varkaus Mill
STORA ENSO OYJ Stock Exchange Release 21.3.2006 at 13.30
Stora Enso invests in woodhandling at Varkaus Mill Stora Enso will rebuild the woodhandling department at its Varkaus Mill in Finland. The existing four-line woodhandling facility will be replaced with modern two-line debarking, chipping and screening equipment. The capital expenditure will amount to approximately EUR 47 million. The project will start in May 2006 and is expected to be completed in September 2007. The aim is to secure the fibre raw material supply for Varkaus Mills publication and fine paper production. Operating cost efficiency and occupational health and safety will be improved by the new department. Savings will be obtained in maintenance, wood, labour and energy costs. For further information, please contact: Reino Panula, General Manager, Stora Enso Varkaus Mill, tel. +358 2046 32740 Jari Kärkkäinen, Mill Director, Fine Paper Mill, Varkaus, tel. + 358 2046 32292 Kari Vainio, EVP, Corporate Communications, tel. +44 7799 348 197 Keith B Russell, SVP, Investor Relations, tel. +44 7775 788 659 Ulla Paajanen-Sainio, VP, Investor Relations and Financial Communications, tel. +358 2046 21242 www.storaenso.com www.storaenso.com/investors Stora Ensos Varkaus Mill produces fine paper, directory paper, newsprint, coreboard and sawn timber on four paper machines and one board machine, with a total annual capacity of about 715 000 tonnes of paper and board, and 345 000 m3 of sawn wood products. The mills annual wood consumption is approximately 2.4 million m3. The mill employs about 1 200 people. STORA ENSO OYJ p.p. Jussi Siitonen Jukka Marttila