Stora Enso is exploring the possibility of building a new fibre
STORA ENSO OYJ Press Release 28 September 2005 at 17.00
Stora Enso is exploring the possibility of building a new fibre
line at Veracel
Stora Ensos CEO Jukka Härmälä said today that Stora Enso has
made preliminary plans to build a second eucalyptus fibre line
at Veracel Pulp Mill in Brazil. He was speaking at the formal
inauguration of Veracel, which was attended by Brazilian
President Luis Inácio Lula da Silva.
We have been so encouraged by our good co-operation and the
support we have received that although no decision has yet been
taken, we see it as a natural development to invest in a second
fibre line jointly with Aracruz, our partner in Veracel, Mr
Härmälä said. Stora Enso will announce more details of the plans
when further decisions have been taken.
Veracel Pulp Mill, a joint venture between Stora Enso and
Aracruz Celulose, started sustainable production of low-cost,
high-quality eucalyptus pulp in May 2005. The annual capacity of
the mill in full production is 900 000 tonnes, Stora Ensos
share being 450 000 tonnes. Pulp shipments to Stora Ensos mills
in China and Europe commenced in July 2005.
When in full production, the present mill will be the largest
single-line pulp mill in the world. It is also one of the most
modern, with state-of-the-art technologies and processes meeting
the strictest international environmental standards. The total
investment, including plantations, the mill and infrastructure,
was about USD 1.2 billion.
For further information, please contact:
Nils Grafström, Executive Vice President and President, Stora
Enso Latin America, tel. +55 11 3065 5200
Kari Vainio, Executive Vice President, Corporate Communications,
tel. +44 7799 348 197
Keith Russell, Senior Vice President, Investor Relations, tel.
+44 20 7016 3146
Ulla Paajanen-Sainio, Vice President, Investor Relations and
Financial Communications, tel. +358 40 763 8767
www.storaenso.com
Previous press releases concerning Stora Ensos activities in
South America:
- 26 September 2005: Stora Enso is purchasing land in Brazil
and Uruguay
- 15 August 2005: Stora Ensos Oulu Mill receives first
shipment of Veracel pulp
- 8 May 2003: Stora Enso and Aracruz announce decision to build
Veracel pulp mill
STORA ENSO OYJ
p.p. Jussi Siitonen Jukka Marttila