(AGENPARL) – Wed 19 March 2025 STORA ENSO OYJ INVESTOR NEWS 19 March 2025 at 9:00 EET
Stora Enso’s new consumer packaging board line at the Oulu site in Finland has
started production ramp-up. The first customer deliveries are expected in the
second quarter of 2025.
In 2022, Stora Enso decided to convert the remaining idle paper machine at the
Oulu site into a highly flexible consumer packaging board line for folding box
board (FBB) and coated unbleached kraft (CUK), with an annual capacity of
750,000 tonnes. The project is being completed according to the original
timeline and budget of approximately EUR 1 billion. The new packaging board line
is expected to reach EBITDA breakeven by the year-end 2025 and full capacity
during 2027, at which point annual sales are anticipated to be approximately EUR
800 million.
Renewable packaging is Stora Enso’s largest growth segment. The investment
supports the Group’s strategy by further strengthening the customer offering in
the growing FBB and CUK segments. The targeted segments are frozen, chilled and
dry food, as well as beverage multi-packaging, primarily for customers in Europe
and North America.
“The new line will be the most modern and cost-efficient in Europe. Through this
investment, our Oulu unit will become Stora Enso’s largest production facility,
an integrated mega-site, focusing on future packaging board grades and featuring
a flexible production setup. This will strengthen profitability and
competitiveness for our consumer board and containerboard offerings. It will
also enable us to optimise production at our other sites to unlock further
profitable growth, for example in liquid packaging board at our Skoghall site in
Sweden,” says Stora Enso’s President and CEO Hans Sohlström.
Following this investment and the earlier conversion completed in 2021, the Oulu
site will produce unbleached pulp, kraftliner, and consumer board in both reels
and sheets. The Oulu production site employs a total of approximately 650
people.
Wood consumption at the Oulu site will increase by approximately one million
cubic metres to approximately 3.5 million cubic metres per year. The site will
use local wood supply in production as well as pulp from Stora Enso’s Enocell
site in Finland and Veracel site in Brazil. The announced acquisition of the
Junnikkala sawmills would further strengthen cost-efficient, long-term supply of
raw materials such as wood chips, pulpwood, and biomass.
For further information, please contact:
Carl Norell
SVP Corporate Communications
Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
The forest is at the heart of Stora Enso, and we believe that everything made
from fossil-based materials today can be made from a tree tomorrow. We are the
leading provider of renewable products in packaging, biomaterials, and wooden
construction, and one of the largest private forest owners in the world. In
2024, Stora Enso had approximately 19,000 employees, and the Group sales were
EUR 9 billion. Stora Enso’s shares are listed on Nasdaq Helsinki Oy (STEAV,
STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are
traded in the USA OTC Markets (OTCQX) as ADRs and ordinary shares (SEOAY, SEOFF,
SEOJF). storaenso.com (https://www.storaenso.com/en/)
For further information, please contact:
Carl Norell
SVP Corporate Communications
Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
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Stora Enso Oyj, Katajanokanlaituri 4, Helsinki, 00101 Finland
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Stora Enso Oyj, Katajanokanlaituri 4, Helsinki, 00101 Finland
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