Stora Enso intends to divest its wood products DIY (Do It Yourself) unit in Amsterdam, the Netherlands to Megahout, backed by the private equity company Quadrum Capital. Closing is expected in Q3 2023, subject to regulatory approvals and consultation with employee representatives.
Stora Enso opens a new corrugated packaging production factory at De Lier, the Netherlands. The site is part of the recently acquired De Jong Packaging Group, now Business Unit Western Europe in the Packaging Solutions division.
With a joint investment of approximately Euro 29 million by Stora Enso and Tetra Pak, a new recycling line for post-consumer beverage cartons is starting operations in Poland.
UPM Plywood has completed the change negotiations, which started in May, concerning salaried employees in the staff and global functions, and in its Finnish mills.
