Stora Enso withdraws from consumer board project in China

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STORA ENSO OYJ Stock Exchange Release 5 January 2006 at 9.00

Stora Enso withdraws from consumer board project in China

After a detailed due diligence process Stora Enso has decided to 
withdraw from the previously announced project in consumer 
board production in China. A letter of intent to start a joint 
venture with Chinese Foshan Huaxin Packaging Co., Ltd. was 
signed in August 2005. 

The decision to withdraw was taken after the due diligence 
process revealed that the project would not meet the 
profitability expectations set by Stora Enso because technical 
modification of the machine would be more challenging than 
initially estimated. The total cost of due diligence and 
withdrawal from the project is not material for Stora Enso. 

The focus in China is now on developing the previously announced 
plantation project in Guangxi and publication paper feasibility 
study in Shandong. Stora Enso is exploring other possibilities 
of liquid packaging board production for the Chinese market.


For further information, please contact:
Kai Korhonen, Senior Executive Vice President, Stora Enso 
Packaging Boards,  tel. +358 2046 21496
Markku Pentikäinen, Executive Vice President, Stora Enso Asia 
Pacific,   tel. +86 1376 430 0175
Kari Vainio, Executive Vice President, Corporate Communications, 
tel. +44 7799 348 197
Keith B Russell, Senior Vice President, Investor Relations, tel. 
+44 20 7016 3146

www.storaenso.com
www.storaenso.com/investors

Previous press releases concerning Stora Enso in China are 
available at www.storaenso.com/press

-	10 November 2005: Stora Enso strengthens its presence in 
	Guangxi
-	28 October 2005: Stora Enso signs joint-venture agreement 
	with Foshan Huaxin Packaging
-	11 August 2005: Stora Enso to start liquid packaging board 
	production in  
	joint venture in China
-	10 June 2005: Stora Enso signs loan agreement with 
	International Financing Corporation
-	31 March 2005: UNDP to Assess Environment and Social Impact 
	of a Forestry Investment Project in Guangxi, China
-	28 October 2004: Stora Enso joint venture in China
-	4 February 2004: Stora Enso to modernise its fine paper 
	machine at Suzhou, China

STORA ENSO OYJ



p.p.	Jussi Siitonen	Jukka Marttila

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