Stora Enso announced that it will invest Euro 27 million to improve the quality and cost-competitiveness and to increase the capacity of the consumer board machine 5 by 20,000 metric tons at its Imatra Mills in Finland.

The investment will focus on the coating part of the machine and on modernising the winder and reel packaging section, the company said.

"The investment is in line with Stora Enso's transformation into a customer focused renewable materials company. In addition to the capacity increase, the investment will enhance the quality and cost-competitiveness of our Tainionkoski unit in the global markets," says Vesa Simola, Head of Consumer Board Business Unit.

According to the plan, the modernisation of the reel packaging section will take place in the spring 2015 while the machine is running. The rest of the work is planned to be carried out during the scheduled maintenance stoppage in September 2015.

Imatra Mills consists of two units, Kaukopää and Tainionkoski. The annual capacity of the mills is over one million tonnes of board and paper. The mills employ approximately 870 people, about 90 of them work at Tainionkoski.