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2007-11-29 09:30:15 CET 2007-11-29 09:30:15 CET REGULATED INFORMATION Stora Enso Oyj - Company AnnouncementStora Enso further curtails production in Wood ProductsAs already announced in connection with the Group's third quarter 2007 results, market conditions remain difficult in Wood Products due to the temporary oversupply and high inventories in its main markets. Deliveries and prices for wood products are depressed, so the profitability of this segment in the fourth quarter of 2007 is expected to be significantly lower than in the fourth quarter of 2006. In response to these conditions, Stora Enso is now further increasing its curtailments of production of sawnwood and glue-laminated posts and beams in Austria, the Baltic States and Finland in the fourth quarter of 2007 and early 2008. The target temporary curtailment is about 120 000 m3 in glue-laminated products and about 500 000 m3 in mainly whitewood sawnwood. For further information, please contact: Hannu Ryöppönen, Deputy CEO and CFO, tel. +44 20 7016 3114 Peter Kickinger, Executive Vice President, Stora Enso Timber tel. +43 664 182 5348 Kari Vainio, EVP, Corporate Communications, tel. +44 7799 348 197 Keith B. Russell, SVP, Investor Relations, tel. +44 7775 788659 Ulla Paajanen-Sainio, Vice President, Investor Relations and Financial Communications, tel. +358 2046 21242 www.storaenso.com www.storaenso.com/investors Stora Enso Oyj pp. Jukka Marttila Minna Taukojärvi |
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