2007'06.23.Sat
Stora Enso invests in its mills in Sweden and Finland
June 21, 2007
HELSINKI, June 21 /Xinhua-PRNewswire/ -- Stora Enso is investing to improve board quality and CTMP production at Fors Mill in Sweden Stora Enso will upgrade and modernise the two board machines (BM 2 and BM 3) and chemi-thermomechanical pulping (CTMP) plant 2 at its Fors Mill in Sweden to improve quality and pulp production. This project, costing a total of EUR 29 million, is scheduled to start in 2007 and be completed in January 2008 for BM 3 and the CTMP investment, and in January 2009 for BM 2. This investment will improve the quality of the board manufactured at the mill in order to meet customers' changing quality needs. It will moderately increase the mill's production capacity. Stora Enso is investing in packaging-derived fuel combustion at its Anjalankoski Mill in FinlandStora Enso is investing EUR 16.8 million to reduce energy costs by increasing packaging-derived fuel (PDF) and biofuel combustion capacity at its Anjalankoski Mill. The project, which is scheduled for completion in autumn 2008, will reduce dependence on fossil fuels and increase the utilisation of recovered materials and biofuels. PDF combustion capacity will be increased from 50 000 to 135 000 tonnes per year. The main investments will be in additional equipment for the existing power plant. Packaging for use as fuel at Anjalankoski Mill includes paperboard, wood and plastic packaging collected separately from small-scale businesses and wholesalers. Anjalankoski Mill has been utilising PDF since 1996. Previous press releases concerning Stora Enso's Fors Mill are available at http://www.storaenso.com/press - 26 October 2006: Stora Enso invests in its operations in Austria and Finland - 16 December 2005: Quality upgrade at Stora Enso's Fors Mill in Sweden Stora Enso is an integrated paper, packaging and forest products company producing publication and fine paper, packaging board and wood products ¨C all areas in which the Group is a global market leader. Stora Enso's sales totalled EUR 14.6 billion in 2006. The Group has some 44 000 employees in more than 40 countries on five continents. Stora Enso has an annual production capacity of 16.5 million tonnes of paper and board and 7.4 million cubic metres of sawn wood products, including 3.2 million cubic metres of value-added products. Stora Enso's shares are listed in Helsinki, Stockholm and New York. For further information, please contact: Hakan Molden, Managing Director, Stora Enso Packaging Boards, Fors Mill, Tel: +46 1046 350 64 Mikko Jokio, SVP, Stora Enso Publication Paper, Tel: +358 2046 26450 Kari Vainio, EVP, Corporate Communications, Tel: +44 7799 348 197 Keith B Russell, SVP, Investor Relations, Tel: +44 7775 788 659 http://www.storaenso.com http://www.storaenso.com/investors
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