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Stora Enso plans restructuring actions to improve long-term competitiveness and profitability

Stora Enso is planning restructuring actions to strengthen the Group’s long-term competitiveness, improve profitability and focus capital allocation in strategic growth markets. Stora Enso is also taking the next step in driving a decentralised operating model targeting increased customer centricity, business focus and cost reductions. The planned restructuring actions, combined with previously initiated negotiations in the Packaging Materials division, would result in total reductions of approximately 1,150 employees.

Stora Enso completes negotiations at Anjalankoski production unit concerning the closure of one paper line

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.

Pulp and paper producers take stock of their investments in climate action

Since 2005, the CO2 emissions of the pulp and paper sector have been reduced by 36% and by substituting fossil-based products, the European forest-based industries lower the EU’s total emissions by an estimated 410 Mt CO2 per year. The equivalent of taking 85 million cars – or the entire fleet of vehicles registered in Germany and Italy – off the road. The 4th edition of REINVEST2050 offers a glimpse of how that is done, through a collection of testimonies from the movers and shakers in pulp and paper. 

Stora Enso completes the divestment of its Hylte paper site to Sweden Timber

Stora Enso has completed the divestment of its paper production site in Hylte, Sweden announced on 27 January 2023, and all related assets to Sweden Timber, a Sweden-based sawmill and planing mill company. The enterprise value of the transaction is approximately EUR 18 million and will result in the reduction of Stora Enso’s annual newsprint paper capacity by 245,000 tonnes. Using 2022 figures as a benchmark, the divestment is expected to reduce Stora Enso’s annual sales by approximately EUR 160 million.

Non-wood fibre is a new innovation frontier for Europe’s paper and board sector, shows nova-Institute study

There is an increasing interest in paper and paper products made out of non-wood fibre, sourced from the agricultural and textile sectors. A study commissioned by Cepi to the nova-Institute, a German private research body, and carried on 33 producers of non-wood pulp, concludes that the material streams hold potential to contribute to the sustainable growth of the pulp and paper sector.

Lessebo Paper, together with Bonnier Books and Livonia Print, is launching a green paper quality for printing - Livonia Zero Offset by Lessebo Paper

Lessebo Paper is partnering with Bonnier Books and Livonia Print and is now launching the paper quality Livonia Zero Offset by Lessebo Paper. This is an initiative from the three companies to minimise the carbon footprint of printed books. 

Ukrainian Startup Releaf Paper Raises €2.5 million from the European Commission

The European Commission announced the official results of its EIC Accelerator 2022 program, which supports startups and innovative high-risk small and medium-sized businesses that can contribute to rapid economic growth. The winner of this year's program is Releaf Paper, a greentech startup founded in 2021 by Ukrainian innovators: biotechnologist Valentin Frechka (21 years) and businessman Oleksandr Sobolenko (37 years).