Stora Enso to modernise its fine paper machine at Suzhou, China
Stora Enso will upgrade and modernise the paper machine and
increase sheeting capacity at its fine paper mill in Suzhou,
China. The investments, which total EUR 38 million, will improve
productivity and safeguard market presence in the fast-growing
Chinese market. The project will be completed in September 2005.
The aim of the investment is to maintain Stora Enso's position
as a quality leader by extending the product range of the mill
and increasing its annual capacity by 75 000 tonnes to 240 000
tonnes. The mill manufactures multicoated art papers in sheets,
and nearly all of its production is sold in the domestic market.
Demand for coated fine paper in China is expected to grow by
over 7% annually up to 2010.
For further details, please contact:
Markku Pentikäinen, Executive Vice President, Asia Pacific
Division, tel. +86 137 6430 0175
Jukka Kantola, Mill Director, Stora Enso, Suzhou Mill,
tel. +86 139 135 10050
Kari Vainio, Executive Vice President, Corporate Communications,
tel. +44 7799 348 197
Keith B Russell, Senior Vice President, Investor Relations,
tel. +44 7775 788 659
Stora Enso Suzhou Mill is located in Jiangsu Province, China.
The mill is one of the largest manufacturers of coated fine
paper in China. The mill started production in 1996, and in 1998
Stora acquired a majority shareholding. In October 2001 Stora
Enso increased its shareholding to 81%; the other shares are
held by local partners.
STORA ENSO OYJ
p.p. Jussi Siitonen Jukka Marttila