Stora Enso Oyj - Company Announcement

Stora Enso is further investing in the competitiveness of Consumer Board and Biomaterials

Stora Enso is investing a total of approximately EUR 63 million to further
improve competitiveness in strategic growth areas in China and Sweden in the
Consumer Board and Biomaterials divisions. 

Helsinki, Finland, 2016-03-01 08:00 CET (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 1 March 2016 at 09.00 EET 

Stora Enso will invest EUR 31 million in a new polyethylene (PE) coating line
in the new consumer board mill in Beihai, China. The Beihai Mill is expected to
be in operation during the second quarter of 2016, as communicated earlier. The
investment will enhance Stora Enso’s strategy for profitable growth and
supports competitiveness by enabling short lead-times and full quality control
for PE-coated prime Food Service Board (FSB). The investment is expected to be
completed in mid-2017. 

Stora Enso is also investing EUR 16 million in a new chemical plant at the
consumer board mill in Skoghall, Sweden to further improve the environmental
performance of the mill. The investment is expected to be completed by the end
of 2017. 

In the Biomaterials division, Stora Enso is investing EUR 16 million to improve
the environmental performance by reducing sulphur emissions of its mill in
Skutskär, Sweden. The investment is expected to be completed by the end of
2017. 

The investments will further enhance Stora Enso’s transformation into a global
renewable materials growth company. EUR 31 million of these investments are
part of the group’s 2016 capital expenditure forecast, which amounts to EUR
680–720 million as communicated earlier. 

For further information, please contact:
Ulrika Lilja, EVP, Communications, tel. +46 1046 71668


Investor enquiries:
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242


Stora Enso is a leading provider of renewable solutions in packaging,
biomaterials, wood and paper on global markets. Our aim is to replace
non-renewable materials by innovating and developing new products and services
based on wood and other renewable materials. We employ some 26 000 people in
more than 35 countries, and our sales in 2015 were EUR 10.0 billion. Stora Enso
shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE
A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) on the
International OTCQX over-the-counter market. storaenso.com 

STORA ENSO OYJ