Stora Enso scraps plan to build pulp mill in Beihai, China

Thursday, January 19, 2017 11:15 am

Stora Enso scraps plan to build pulp mill in Beihai, China | Stora Enso, Helsinki, Finland, packaging, pulp, mill, China,

HELSINKI, Finland (From news reports) -- Finnish pulp and paper maker Stora Enso plans to scrap a plan to build a chemical pulp mill at its Beihai Mill site in China, as pulp supply is expected to increase due to new investments by rivals, it said on Thursday.

"The supply-demand of the global pulp market has been negatively impacted by new investments in hardwood pulp production. At the same time, we consider the wood costs to supply the potential chemical pulp mill to be too high, which reduces the competitiveness of such a mill," Chief Executive Karl-Henrik Sundstrom said in a statement.

Stora said the decision remains subject to approval by its board, and would not affect other operations at the Beihai mill.

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