4.2.2004: Meldung: Stora Enso to modernise its fine paper machine at Suzhou
Stora Enso will upgrade and modernise the paper machine and increase sheeting capacity at its fine paper mill in Suzhou, China. The investments, which total EUR 38 million, will improve productivity and safeguard market presence in the fast-growing Chinese market. The project will be completed in September 2005.
The aim of the investment is to maintain Stora Enso"s position as a quality leader by extending the product range of the mill and increasing its annual capacity by 75 000 tonnes to 240 000 tonnes. The mill manufactures multicoated art papers in sheets, and nearly all of its production is sold in the domestic market. Demand for coated fine paper in China is expected to grow by over 7% annually up to 2010.
For further details, please contact:
Markku Pentikäinen, Executive Vice President, Asia Pacific Division,
tel. +86 137 6430 0175
Jukka Kantola, Mill Director, Stora Enso, Suzhou Mill,
tel. +86 139 135 10050
Kari Vainio, Executive Vice President, Corporate Communications, tel.
+44 7799 348 197
Keith B Russell, Senior Vice President, Investor Relations, tel.
+44 7775 788 659
Stora Enso Suzhou Mill is located in Jiangsu Province, China. The mill is one of the largest manufacturers of coated fine paper in China. The mill started production in 1996, and in 1998 Stora acquired a majority shareholding. In October 2001 Stora Enso increased its shareholding to 81%; the other shares are held by local partners.
Stora Enso is an integrated paper, packaging and forest products company producing publication and fine papers, packaging boards and wood products, areas in which the Group is a global market leader. Stora Enso sales totalled EUR 12.8 billion in 2002. The Group has some 42 500 employees in more than 40 countries in five continents and about 15 million tonnes of paper and board annual production capacity. Stora Enso"s shares are listed in Helsinki, Stockholm and New York.
Stora Enso Oyj
Business ID 1039050-8
00160 Helsinki, Finland
P.O. Box 309
FIN-00101 Helsinki, Finland
Tel.: +358 2046 131
Fax: +358 2046 21471