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investments

Stora Enso signs an agreement to divest its Hylte paper site and will discontinue the Anjala site divestment process

Stora Enso has signed an agreement to divest its paper production site in Hylte, Sweden and all its related assets to Sweden Timber, a Sweden-based sawmill and planing mill company. The enterprise value is approximately EUR 18 million. The completion of the transaction is expected in the first half of 2023. Concerning the Anjala paper site in Finland, Stora Enso has decided to discontinue the divestment process.

Stora Enso invests in conversion to accelerate growth in renewable packaging

Stora Enso has decided to invest approximately EUR 1 billion to convert the remaining idle paper machine at the Group’s Oulu site in Finland into a high-volume consumer board production line. The investment supports the Group’s growth strategy in renewable packaging by providing new volume for growing packaging segments. Production on the converted machine is estimated to start in early 2025.

Stora Enso acquires Dutch company De Jong Packaging Group to accelerate growth in renewable corrugated packaging

Stora Enso acquires De Jong Packaging Group, based in the Netherlands, for an enterprise value of approximately EUR 1,020 million. This acquisition will advance Stora Enso’s strategic direction, accelerate revenue growth and build market share in renewable packaging in Europe. De Jong Packaging Group is one of the largest corrugated packaging producers in the Benelux countries. Its product portfolio and geographic presence will complement and enhance Stora Enso’s offering, especially in fresh produce, e-commerce and industrial packaging.

Away from Gas, Feldmuehle is switching steam generation

The Feldmuehle is switching steam generation in Q4/22 to an alternative fuel, light heating oil, at short notice. This will ensure the continued operation of the site in the event of a worsening gas shortage.

This step also secures the competitiveness of Feldmuehle in face of the current sharp rising gas prices. The necessary investments of 2.6 million euros will be financed by an extraordinary shareholder contribution.

Mayr-Melnhof Group acquires Essentra Packaging

Mayr-Melnhof Group (MM) has agreed to acquire Essentra Packaging (100% of the shares in ESNT Packaging & Securing Solutions Limited (UK) and its affiliated companies, as well as 100% of the shares in Essentra Packaging US Inc (US)) from Essentra plc (UK) for a cash and debt free consideration of GBP 312 million (currently approx. EUR 365 million). The acquisition of Essentra Packaging implements MM Packaging's strategy to grow in profitable and resilient segments such as pharma secondary packaging and strengthens its position in the European pharma carton & leaflets market.

HEINZEL GROUP signs agreement for acquisition of Steyrermühl paper mill from UPM

HEINZEL GROUP announces today that it has entered into a share purchase agreement with UPM to acquire UPM Kymmene Austria GmbH and its subsidiaries in Steyrermühl, Upper Austria. Together with Heinzel's Laakirchen Papier AG, which is located less than three kilometers from the Steyrermühl paper mill, the site will become a hub for sustainable packaging papers and renewable energy with closing of the transaction on January 1st, 2024. The deal is contingent on approval from relevant competition authorities.
 

Stora Enso assesses growth opportunities in recycled packaging materials with a conversion in Langerbrugge

Stora Enso has started a feasibility study at its paper production site in Langerbrugge, Belgium, for the conversion of one of the two paper lines into a high-volume recycled containerboard line. Aligned with Stora Enso’s strategic focus on renewable materials, the investment would support the growth opportunity created by the increasing demand for recycled packaging board.

Global paper and packaging producer Sonoco chooses A.Celli Paper for its new investment

Sonoco continues its investment plan to strengthen uncoated recycled paperboard mill system in U.S. and Canada.

Sonoco, one of the largest diversified global packaging companies, recently announced a significant investment to strengthen its Uncoated Recycled Paperboard (URB) mill system in the U.S., transforming its Hartsville, S.C., corrugated medium machine into a state-of-the-art URB machine.