Stora Enso Oyj - Company Announcement

Stora Enso invests EUR 285 million in new containerboard machine at Ostroleka in Poland

Helsinki, Finland, 2011-01-11 10:00 CET (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 11 January 2011 at 11.00 EET 

Stora Enso is strengthening its leading position in corrugated packaging in the
growth markets of Central and Eastern Europe by renewing containerboard
capacity at its Ostrołęka Mill in Poland. The EUR 285 million investment
project is scheduled to be completed in the first quarter of 2013. The new
containerboard machine with greater capacity and a modern product will not only
renew the product offering, it will also improve Stora Enso's overall cost
position through efficient internal supply of light-weight containerboard made
from recycled fibre. In conjunction with the start-up, Stora Enso plans to shut
down containerboard machine PM 2 at Ostrołęka Mill. 

“Strengthening our competitive position in corrugated packaging in the growing
markets of Central and Eastern Europe is at the core of our growth strategy.
The investment at Ostrołęka is another concrete step in building sustainable
and profitable growth for the Group,” says Jouko Karvinen, CEO of Stora Enso. 

“Customer demand for modern light-weight corrugated packaging is increasing
rapidly. This investment supports Stora Enso's objective of offering demanding
customers new packaging solutions,” says Mats Nordlander, Executive Vice
President, Packaging Business Area. 

“Recycled fibre is the dominant raw material for corrugated packaging and
continues to win share from virgin fibres. The markets for transport packaging
in Central and Eastern Europe have grown and will continue to grow by over 5%
per year. This investment will support our growth and increase Stora Enso's
self-sufficiency in containerboards from 35% to 60% and itwill also clearly
improve the cost competitiveness of Stora Enso's Industrial Packaging segment.
Stora Enso's integrated RCP collection network in Poland, the new efficient
power plant just completed and this new state-of-the-art containerboard machine
will make Ostrołęka the benchmark in both cost and product offering in Europe,”
Nordlander explains. 

Stora Enso's corrugated packaging product portfolio includes transport and
consumer packaging, packaging design and machinery. The Group's twenty
corrugated packaging plants in Finland, Sweden, Russia, Poland, Hungary and the
Baltic States with total capacity 1.3 billion m2 of corrugating packaging used
some 560 000 tonnes of containerboard in 2010. 

The annual capacity of Ostrołęka Mill, which is part of Stora Enso's Industrial
Packaging segment, is currently 270 000 tonnes of containerboard and kraft
paper. The annual capacity of the new containerboard machine will be 455 000
tonnes and the annual capacity of PM 2 is currently 85 000 tonnes of
containerboard. 

For further information, please contact:

Mats Nordlander, EVP, Packaging Business Area, tel. +46 1046 72703
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242
Lauri Peltola, Head of Group Communications and Global Responsibility, tel.
+358 2046 21380 

PRESS CONFERENCE IN STOCKHOLM
Time:              12.00 local time today
Location:         Stora Enso Oyj
Address:         World Trade Center, Klarabergsviadukten 70 C, Stockholm, tel.
+46 1046 46000 
Hosts:             Jouko Karvinen, CEO
Mats Nordlander, EVP, Packaging Business Area


The conference will be held in English. Questions can be addressed to Jouko
Karvinen and Mats Nordlander after the presentation. 

To attend the press conference on location in Stockholm:
Kindly register your intention to participate in this event by e-mail to
jonas.nordlund@storaenso.com. 


ANALYST CONFERENCE CALL
EVP Mats Nordlander and Head of Investor Relations Ulla Paajanen-Sainio will be
hosting a combined conference call and webcast today at 11.00 Swedish time
(10.00 GMT, 12.00 EET). 

If you wish to participate, please dial:

+358 (0)9 2319 4345          Finland
+44 (0)20 7138 0826          UK
+46 (0)8 5051 3641            Sweden
Access code:                      8694971

The live webcast may be accessed at http://www.storaenso.com/investors

www.storaenso.com
www.storaenso.com/investors

Stora Enso is a global paper, packaging and wood products company producing
newsprint and book paper, magazine paper, fine paper, consumer board,
industrial packaging and wood products. The Group is the world leader in forest
industry sustainability. We offer our customers solutions based on renewable
raw materials. Our products provide a climate-friendly alternative to many
non-renewable materials, and have a smaller carbon footprint. Stora Enso is
listed in the Dow Jones Sustainability Index and the FTSE4Good Index. Stora
Enso employs some 27 000 people worldwide, and our sales in 2009 amounted to
EUR 8.9 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV,
STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the
USA as ADRs (SEOAY) in the International OTCQX over-the-counter market. 

STORA ENSO OYJ