Stora Enso intends to divest its Kvarnsveden site in Sweden to Northvolt
STORA ENSO OYJ INVESTOR NEWS RELEASE 25 February 2022 at 8:30 EETStora Enso announced today that it has signed a letter of intent to divest the Kvarnsveden site in Sweden to Northvolt. Due to structural decline in demand for graphical paper, in April 2021 Stora Enso announced a plan to close its Kvarnsveden paper production site. Founded in 1900, Kvarnsveden produced pulp and paper for over 120 years until production ended in September 2021. Northvolt is a European supplier of sustainable battery cells and will develop the site into a battery manufacturing plant, reusing and refurbishing