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Stora Enso will start co-determination negotiations with employees at its Kvarnsveden Mill in Sweden and Veitsiluoto Mill in Finland regarding a plan to permanently close down pulp and paper production at both mills. The planned closures would take place during the third quarter of 2021, and affect directly 670 people in Finland and 440 people in Sweden.   Paper demand in Europe has declined for over a decade. This trend has further accelerated due to the pandemic, which has led to changes in consumer behaviour. As a consequence, there is a significant overcapacity in the European paper mark...

Stora Enso to cull more capacity with radical mill closure plan Jo Francis Wednesday, April 21, 2021 Stora Enso has rocked the industry by announcing plans to take out a further one million-plus tonnes of paper production – more than a third of its total paper capacity – with the closure of two mills, including its large Veitsiluoto Mill in Finland. Veitsiluoto has three paper machines. Stora Enso CEO says "approximately 15 machines of an average size need to be closed" across Europe The biomaterials group had already made dramatic changes in its paper ...

Stora Enso divests non-core forest holdings in southern Sweden HELSINKI, Dec. 18, 2020 /PRNewswire/ -- As part of its forest land optimisation, Stora Enso has signed an agreement to divest forest assets located in southern Sweden to the forestry fund Silvestica Green Forest AB. The total area of forest land in the transaction is approximately 5 200 hectares. The selling price is approximately SEK 940 million (EUR 90 million). The transaction is in line with Stora Enso's policy of divesting non-core assets. The forest areas are located geographically far away from Stora Enso's other forest la...