Stora Enso further curtails production in Wood Products
As already announced in connection with the Group's third quarter 2007 results,
market conditions remain difficult in Wood Products due to the temporary
oversupply and high inventories in its main markets. Deliveries and prices for
wood products are depressed, so the profitability of this segment in the fourth
quarter of 2007 is expected to be significantly lower than in the fourth quarter
of 2006.
In response to these conditions, Stora Enso is now further increasing its
curtailments of production of sawnwood and glue-laminated posts and beams in
Austria, the Baltic States and Finland in the fourth quarter of 2007 and early
2008. The target temporary curtailment is about 120 000 m3 in glue-laminated
products and about 500 000 m3 in mainly whitewood sawnwood.
For further information, please contact:
Hannu Ryöppönen, Deputy CEO and CFO, tel. +44 20 7016 3114
Peter Kickinger, Executive Vice President, Stora Enso Timber
tel. +43 664 182 5348
Kari Vainio, EVP, Corporate Communications, tel. +44 7799 348 197
Keith B.
Russell, SVP, Investor Relations, tel. +44 7775 788659
Ulla Paajanen-Sainio, Vice President, Investor Relations and Financial
Communications,
tel. +358 2046 21242
www.storaenso.com
www.storaenso.com/investors
Stora Enso Oyj
pp. Jukka Marttila Minna Taukojärvi