Stora Enso inaugurates its consumer board mill in China

200 guests from around the world joined Stora Enso today at the official inauguration of the new consumer board mill in Beihai, China.

STORA ENSO OYJ PRESS RELEASE 16 June 2016 at 11.00 EET

Stora Enso inaugurates its new consumer board mill in Beihai, China. The mill started up in May and it is expected to reach full production within 18 to 24 months. With an investment of EUR 800 million, this is the largest Nordic direct investment in China, and a significant investment in the history of Stora Enso.

The Beihai consumer board mill has an annual capacity of 450,000 tonnes of high-grade carton board products. One of the key end products is Liquid Packaging Board, of which more than 80 per cent today is imported to China. Stora Enso is the world-leading producer of this product, which is one of the most demanding and high value-added products in this industry.

“We are delighted to announce the official opening of the Stora Enso consumer board mill in China. This is a very important milestone for us”, says Stora Enso’s CEO Karl-Henrik Sundström. “China is a market with high potential and the start-up of our consumer board mill is crucial to meet the growing demand for high-quality and safe fiber-based food packaging in China and the Asia Pacific region.”

The consumer board mill is located in the Tieshangang industrial zone of the Guangxi region, 40 miles outside of Beihai city. Stora Enso’s operations in the Guangxi region also consist of tree plantations with around 85,000 hectares of land leased since 2012. The plantations have been certified to the Forest Stewardship Council (FSC®) and the China Forest Certification Council (CFCC), and they will provide a sustainable, cost-competitive and self-sufficient fibre base for the mill.

Stora Enso Communications’ FSC ® trademark license number is FSC-N001919.

For further information, please contact:
Ulrika Lilja, EVP, Communications, tel. +46 72 221 9228

Photos of products and of the Beihai Mill are available at http://bmt.storaenso.com/l/JJbTRNKbpL8r

Please copy and paste the link into your web browser.

Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 26 000 people in more than 35 countries, and our sales in 2015 were EUR 10.0 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) on the International OTCQX over-the-counter market. storaenso.com

STORA ENSO OYJ

For further information, please contact:
Ulrika Lilja
EVP, Communications
tel. +46 72 221 9228