Stora Enso is investing a total of approximately EUR 63 million to further improve competitiveness in strategic growth areas in China and Sweden in the Consumer Board and Biomaterials divisions.
Stora Enso will invest EUR 31 million in a new polyethylene (PE) coating line in the new consumer board mill in Beihai, China. The Beihai Mill is expected to be in operation during the second quarter of 2016, as communicated earlier. The investment will enhance Stora Enso’s strategy for profitable growth and supports competitiveness by enabling short lead-times and full quality control for PE-coated prime Food Service Board (FSB). The investment is expected to be completed in mid-2017.
Stora Enso is also investing EUR 16 million in a new chemical plant at the consumer board mill in Skoghall, Sweden to further improve the environmental performance of the mill. The investment is expected to be completed by the end of 2017. In the Biomaterials division, Stora Enso is investing EUR 16 million to improve the environmental performance by reducing sulphur emissions of its mill in Skutskär, Sweden. The investment is expected to be completed by the end of 2017. The investments will further enhance Stora Enso’s transformation into a global renewable materials growth company. EUR 31 million of these investments are part of the group’s 2016 capital expenditure forecast, which amounts to EUR 680–720 million as communicated earlier.