Stora Enso Oyj - Company Announcement

Stora Enso shuts down coated magazine paper machine in Finland

Helsinki, Finland, 2014-03-31 09:00 CEST (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 31 March 2014 at 10.00 EET 

In January 2014, Stora Enso announced that it planned to permanently shut down
paper machine 1 (PM 1) at Veitsiluoto Mill in Finland, due to structural
weakening of magazine paper demand in Europe. Co-determination negotiations
with employees at the mill have now concluded and PM 1 will be permanently shut
down by the end of April 2014. The shutdown will affect 88 employees. 

PM 1 has an annual capacity of 190 000 tonnes of coated magazine paper. The
shutdown will decrease Stora Enso's coated mechanical paper capacity by about
15%, which represents about 2% of total European coated mechanical paper
capacity. Stora Enso will be able to serve its NovaPress customers from
Veitsiluoto Mill PM 5 and from Kabel Mill in Germany. 

Stora Enso will make every effort in co-operation with the local community to
help the affected personnel find new employment opportunities, and all job
openings in other Stora Enso units will be available to those affected. 

For further information, please contact:
Karl-Henrik Sundström, EVP, Printing and Living, tel. +46 1046 71660
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242
Ulrika Lilja, SVP Communications, Printing and Living, tel. +46 72 221 92 28

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


Stora Enso is the global rethinker of the paper, biomaterials, wood products
and packaging industry. We always rethink the old and expand to the new to
offer our customers innovative solutions based on renewable materials. Stora
Enso employs some 28 000 people worldwide, and our sales in 2013 amounted to
EUR 10.5 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