Stora Enso invests in conversion to accelerate growth in renewable packaging
STORA ENSO OYJ INVESTOR NEWS 21 October 2022 at 8:29 EESTStora Enso has decided to invest approximately EUR 1 billion to convert the remaining idle paper machine at the Group’s Oulu site in Finland into a high-volume consumer board production line. The investment supports the Group’s growth strategy in renewable packaging by providing new volume for growing packaging segments. Production on the converted machine is estimated to start in early 2025. Following the first machine conversion at the Oulu site in 2021 from paper to kraftliner, the remaining idle paper line will be