Stora Enso starts feasibility study for a world-class pulp and paper mill in Nizhny Novgorod region
STORA ENSO OYJ STOCK EXCHANGE RELEASE 23 May 2008 at 06.00 GMT
Stora Enso has decided to commence a feasibility study for an integrated pulp
and paper mill in the Nizhny Novgorod region in Russia, as the findings of the
recently completed pre-feasibility study begun in July 2007 supported
continuation of the process at this point. The feasibility study, which is
expected to be completed by April 2009, will evaluate the profitability of the
project to manufacture paper for Russian consumers from Russian wood in Russia.
If the results of the feasibility study are favourable, preconditions are met
and the necessary permits are obtained, the Stora Enso Board of Directors then
considers the final decision on implementation.
For further information, please contact:
Hannu Ryöppönen, Deputy CEO and CFO, tel. +358 2046 21450
Kari Vainio, EVP, Corporate Communications, tel. +44 7799 348 197
Keith Russell,
SVP, Investor Relations, tel. +44 7775 788 659
Ulla Paajanen-Sainio, VP, Investor Relations and Financial Communications, tel.
+358 2046 21242
Previous press releases concerning Stora Enso's recent major projects in Russia
are available at www.storaenso.com/press
17 July 2007: Stora Enso starts pre-feasibility study for a world-class pulp and
paper mill in Russia
20 December 2007: Stora Enso signs letter of intent concerning possible pulp and
paper mill in Russia
www.storaenso.com
www.storaenso.com/investors
STORA ENSO OYJ
pp. Jussi Siitonen Jukka Marttila