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Tue, Apr 23, 2024 22:06
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Management Side
Stora Enso puts four paper mills up for sale

HELSINKI (From news reports) - Finland's Stora Enso is planning to sell four of its five paper mills, the forestry group said on Tuesday.

"In line with Stora Enso's strategy, paper is not a strategic growth area for the group," the company said in a statement.

Stora is looking for buyers for its mills in Finland's Anjala, Germany's Maxau and Sweden's Hylte and Nymolla, while planning to keep its mill in Langerbrugge in Belgium.

Langerbrugge is being retained because it produces magazine paper from used cardboard cups, Stora spokeswoman Satu Harkonen said, adding that the site could later be converted to make cardboard although the company has no such plans yet.

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