Stora Enso invests in woodhandling at Varkaus Mill

21 March 2006, Stora Enso will rebuild the woodhandling department at its Varkaus Mill in Finland. The existing four-line woodhandling facility will be replaced with modern two-line debarking, chipping and screening equipment. The capital expenditure will amount to approximately EUR 47 million. The project will start in May 2006 and is expected to be completed in September 2007.

The aim is to secure the fibre raw material supply for Varkaus Mill’s publication and fine paper production. Operating cost efficiency and occupational health and safety will be improved by the new department. Savings will be obtained in maintenance, wood, labour and energy costs.

Stora Enso’s Varkaus Mill produces fine paper, directory paper, newsprint, coreboard and sawn timber on four paper machines and one board machine, with a total annual capacity of about 715 000 tonnes of paper and board, and 345 000 m3 of sawn wood products. The mill’s annual wood consumption is approximately 2.4 million m3. The mill employs about 1 200 people.

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Stora Enso is an integrated paper, packaging, and forest products company, producing publication and fine paper, packaging board, and wood products – all areas in which the Group is a global market leader.

Stora Enso’s sales totalled EUR 13.2 billion in 2005. The Group has some 46 000 employees in more than 40 countries on five continents. Stora Enso has an annual production capacity of 16.9 million tonnes of paper and board and 7.7 million cubic metres of sawn wood products, including 3.3 million cubic metres of value-added products. Stora Enso’s shares are listed in Helsinki, Stockholm, and New York.

Contact Information

Kari Vainio

EVP, Corporate Communications

Stora Enso Oyj

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