STORA ENSO OYJ INVESTOR NEWS 28 May 2019 at 9.30 EEST
Stora Enso has decided to invest approximately EUR 350 million to convert the Oulu paper mill in Finland into packaging production. The investment includes converting paper machine 7 into high-quality virgin-fibre-based kraftliner production, and the closure of paper machine 6 and sheeting plant. Production on the converted machine is estimated to start by the end of 2020.
“The conversion of Oulu Mill will enable Stora Enso to further improve its position in the growing packaging business and take a major step forward in its