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DNB Markets cut shares of Stora Enso Oyj (OTCMKTS:SEOAY – Get Rating) from a buy rating to a hold rating in a report published on Thursday, The Fly reports. A number of other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. raised Stora Enso Oyj from a neutral rating […]
/PRNewswire/ -- Stora Enso is planning restructuring actions to strengthen the Group's long-term competitiveness, improve profitability and focus capital...
HELSINKI, June 15, 2023 /PRNewswire/ -- Stora Enso is planning restructuring actions to strengthen the Group's long-term competitiveness, improve profitability and focus capital allocation in
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Stora Enso has completed the negotiations concerning the consolidation of its book paper production and the permanent closure of one of the two paper machines at the Anjalankoski site in Finland. The closure will take place during the fourth quarter of 2023. In April 2023, Stora Enso announced a plan to permanently close one of the two paper machines and concentrate all book paper production to one line at the integrated Anjalankoski site due to the prevailing weak paper demand and high input costs.