Stora Enso invests in woodhandling at Varkaus Mill
STORA ENSO OYJ Stock Exchange Release 21.3.2006 at 13.30
Stora Enso invests in woodhandling at Varkaus Mill
Stora Enso will rebuild the woodhandling department at its
Varkaus Mill in Finland. The existing four-line woodhandling
facility will be replaced with modern two-line debarking,
chipping and screening equipment. The capital expenditure will
amount to approximately EUR 47 million. The project will start
in May 2006 and is expected to be completed in September 2007.
The aim is to secure the fibre raw material supply for Varkaus
Mills publication and fine paper production. Operating cost
efficiency and occupational health and safety will be improved
by the new department. Savings will be obtained in maintenance,
wood, labour and energy costs.
For further information, please contact:
Reino Panula, General Manager, Stora Enso Varkaus Mill, tel.
+358 2046 32740
Jari Kärkkäinen, Mill Director, Fine Paper Mill, Varkaus, tel. +
358 2046 32292
Kari Vainio, EVP, Corporate Communications, tel. +44 7799
348 197
Keith B Russell, SVP, Investor Relations, tel. +44 7775 788 659
Ulla Paajanen-Sainio, VP, Investor Relations and Financial
Communications, tel. +358 2046 21242
www.storaenso.com
www.storaenso.com/investors
Stora Ensos Varkaus Mill produces fine paper, directory paper,
newsprint, coreboard and sawn timber on four paper machines and
one board machine, with a total annual capacity of about 715 000
tonnes of paper and board, and 345 000 m3 of sawn wood products.
The mills annual wood consumption is approximately 2.4 million
m3. The mill employs about 1 200 people.
STORA ENSO OYJ
p.p. Jussi Siitonen Jukka Marttila