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Stora Enso has completed the negotiations regarding the consolidation of its book paper production and the permanent closure of one of the two paper machines at its Anjalankoski site in Finland.
Stora Enso will consolidate its book paper production and permanently close one of its two paper machines at its Anjala mill in Finland.
UPM has completed the sale of all of its Russian operations while Stora Enso has completed the divestment of its Hylte paper site.
Stora Enso has completed the divestment of its paper production site in Hylte, Sweden announced on 27 January 2023, and all related assets to Sweden Timber, a Sweden-based sawmill and planing mill company. The enterprise value of the transaction is approximately EUR 18 million and will result in the reduction of Stora Enso’s annual newsprint paper capacity by 245,000 tonnes. Using 2022 figures as a benchmark, the divestment is expected to reduce Stora Enso’s annual sales by approximately EUR 160 million.