The four Stora Enso production sites are subject to divestment either in one or a series of transactions. The Langerbrugge site in Belgium, which produces recycled newsprint and recycled supercalendered magazine grades, will be retained in the Group.
March 30, 2022
Finland-headquartered Stora Enso has initiated a sales process as it is intending to undertake a possible divestment of four paper mills. Keeping in view the strategy of Stora Enso, the divestment plans are in tandem with the long-term growth plans for its segments including – renewable products in packaging, building solutions, and biomaterials innovations.
The paper production sites which are intended for divestment are – Anjala in Finland, Hylte and Nymölla in Sweden, and Maxau in Germany. The assets are high-quality sites for pulp and paper production with strong infrastructure, and skilled and experienced staff.
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In the Anjala Mill, printing paper from mechanical pulp — both coated and uncoated book paper, magazine paper, and improved newsprint grades are manufactured. The Hylte Mill, one of the largest newsprint mills in the world, produces high-quality newsprint, biocomposites, and formed fiber products. The Nymölla Mill is a producer of pulp and wood-free uncoated paper. Maxau Mill produces supercalendered paper primarily from recovered paper.
Speaking on the divestment plans, President & CEO of Stora Enso Annica Bresky, remarks, “Through divesting a majority of our paper assets, we are able to increase the focus on our defined strategic growth areas of renewable packaging, building solutions, and biomaterials innovations.”
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According to the statement of the company, all the four Stora Enso production sites are subject to divestment in one or a series of transactions. The Finnish company has not committed any deadline for the conclusion of the divestment process. The planned sales process would not have any immediate effect on the paper production operations. The Langerbrugge site in Belgium, one of the most efficient recycled newsprint and recycled supercalendered magazine paper mills in the world, will be retained within the Group.