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Stora Enso Establishes Forest Division And Reporting Segment
Stora Enso's Unit Efora Starts Cooperation Negotiations In Oulu Plant
Stora Enso Says CEO Karl-Henrik Sundström Leaves Co In 2020
Stora Enso Oyj is a provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. The Company's segments include Consumer Board, Packaging Solutions, Biomaterials, Wood Products, Paper and Other. The Consumer Board segment develops and provides consumer packaging boards for printing and packaging applications. The Packaging Solutions segment develops fiber-based packaging, and operates at every stage of the value chain from pulp production, material and packaging production to recycling. The Biomaterials segment offers pulp grades for paper, board, tissue, textile and hygiene product producers. The Wood Products segment provides wood-based solutions for building and housing. The Paper segment provides paper solutions for print media and office use. The Other segment includes the Nordic forest equity accounted investments. It serves publishers, retailers, printing houses, merchants, converters and joinery, and construction companies.
Paper & Paper Products
P.O. Box 309
Independent Chairman of the Board
Chief Executive Officer, Member of the Group Leadership Team
Deputy Chief Executive Officer, Chief Financial Officer, Country Manager Finland, Member of the Group Leadership Team
Independent Vice Chairman of the Board
Executive Vice President, Legal, General Counsel, Country Manager Sweden, Member of the Group Leadership Team
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Finland's Stora Enso Oyj, one of the largest paper and board makers in the world, said on Wednesday its capital expenditure will increase to 800-850 million euros ($884-939 million) in 2020 as it revamps its operations.
Finnish paper firm Stora Enso <STERV.HE> reported a bigger than forecast fall in quarterly profits on Friday and said it expected demand to deteriorate due to global trade tensions and Britain potentially crashing out of the European Union.
Finland's Stora Enso will invest 350 million euros ($391 million) at its Oulu mill to boost output of kraftliner board used in packaging and reduce glossy magazine paper production, the company said on Tuesday.
Finnish paper firm Stora Enso reported higher-than-expected first quarter profit on Thursday helped by its pulp division.
Stora Enso reported weaker-than-expected fourth quarter profit on Friday as rising costs outweighed gains from higher prices, knocking the Finnish paper maker's shares.
Finland's Stora Enso, one of the world's largest pulp and paper makers, said on Tuesday it had joined forces with local startup Sulapac to develop renewable and biodegradable straws to combat the global plastic waste problem.
Finnish pulp, paper and packaging board maker Stora Enso <STERV.HE> missed quarterly profit expectations on Friday, partly blaming wood supply problems stemming from the exceptionally hot and dry weather in the Nordics.
The Finnish government's investment arm, Solidium, said on Tuesday it had sold a small stake in pulp and paper maker Stora Enso to raise funds for new investments.
Pulp, paper and packaging board maker Stora Enso on Friday reported better than expected quarterly profit, thanks to price increases and cost control at its troubled paper business.
Stora Enso said on Wednesday its latest packaging board plant investments would help to boost earnings in the third quarter after the paper maker reported lower than expected second-quarter earnings.
* Finnish state-owned investment fund Solidium says it has increased its voting rights in paper maker Stora Enso.
* SOLIDIUM HAS ACQUIRED TOTAL AMOUNT OF 5,659,099 A SHARES IN STORA ENSO AND SOLD 5,690,961 R SHARES IN STORA ENSO. Source text for Eikon: Further company coverage: (Gdynia Newsroom)
* Has secured a commercial contract with Stora Enso for company's Ecosphere biolatex binder Source text for Eikon: Further company coverage:
Finnish pulp, paper and packaging board maker Stora Enso scrapped plans to expand its paperboard mill in Poland because of an over-supplied market as it delivered a weak profit forecast on Thursday.
Finnish pulp, paper and packaging board maker Stora Enso said on Friday its quarterly core profit fell more than expected and gave a weak forecast for the start of the year, citing low pulp prices and ramp-up costs in China.
* UPM shares up 10.4 percent, Stora up 3.2 percent (Adds Stora Enso results, comments from CEO and analysts)
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.