Stora Enso finalises the divestment of Grycksbo Mill
STORA ENSO OYJ Stock Exchange Release 31 March 2006 at 13.30
Stora Enso finalises the divestment of Grycksbo Mill
Stora Enso has finalised the divestment of the Grycksbo Mill in
Sweden to the Swedish company Accent according to the previous
announcement from 2 March 2006.
Grycksbo Fine Paper Mill was divested as part of Stora Ensos
Asset Performance Review (APR), which aims to secure a
competitive European production base. The divestment of Grycksbo
Mill is also consistent with the Groups strategy of
concentrating its coated fine paper business on multi-coated
graphical grades. Grycksbo Mill specialises in matt-coated fine
papers, which it will continue to produce under its new
ownership. Stora Enso has thereby exited this business line.
For further information, please contact:
Hannu Ryöppönen, CFO, tel. +44 20 7016 3114
Magnus Diesen, EVP, Corporate Strategy, tel. +44 20 7016 3117
Kari Vainio, EVP, Corporate Communications, tel. +44 7799
348 197
Ulla Paajanen-Sainio, VP, IR and Financial Communications, tel.
+358 2046 21242
www.storaenso.com
www.storaenso.com/investors
Previous press releases concerning Grycksbo Mill and the APR available at
www.storaenso.com/press
- 23 August 2005: Stora Enso is exploring the possibility of selling
its Grycksbo Mill
- 27 October 2005: Stora Enso creates platform for stronger financial
performance
- 2 March 2006: Stora Enso to sell its Grycksbo and Linghed mills
STORA ENSO OYJ
p.p. Jussi Siitonen Jukka Marttila