Stora Enso will continue production curtailment and lay-offs at Sunila Pulp Mill in July
STORA ENSO OYJ PRESS RELEASE 29 May 2009 at 14.15 GMT
Sunila Oy has been loss-making since the beginning of the year because pulp
prices have remained low and it has not been possible to reduce wood costs
sufficiently. Sunila had to halt production due to slack market pulp sales,
stoppages at customers' mills and declines in orders.
Sunila Oy has laid off almost all of its personnel since the beginning of April
due to the production curtailments. It has been decided to extend the production
curtailments and related temporary lay-offs after the summer holiday stoppage
until the end of September because there is no sign of an improvement in the
market situation.
Sunila Oy is 100% owned by Stora Enso Oyj.
For further information, please contact:
Jouni Kostama, Sunila Oy, Managing Director, tel. +358 5 2298111
www.storaenso.com
www.storaenso.com/investors
Stora Enso is the world leader in forest industry sustainability. We offer our
customers solutions based on renewable raw materials. Our products provide a
climate-friendly alternative to many non-renewable materials, and have a smaller
carbon footprint. Stora Enso is included in the Global 100 list of the world's
most sustainable companies. Stora Enso is also listed in the Dow Jones
Sustainability Index, the FTSE4Good Index, and the Climate Disclosure Leadership
Index. Stora Enso employs 29 000 people worldwide, and our sales in 2008
amounted to EUR 11.0 billion.