Stora Enso Oyj - Company Announcement

Stora Enso invests for strategic growth in consumer packaging boards

Stora Enso is investing EUR 70 million in Imatra Mills, Finland to increase
capacity for producing extrusion coated products, and further enhance its
position as a leading global supplier of premium paperboards to its customers. 

Helsinki, Finland, 2016-05-18 08:00 CEST (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 18 May 2016 at 9.00 EET 

Stora Enso will invest a total of approximately EUR 70 million in a new
polyethylene (PE) extrusion coating plant and an automated roll warehouse (ARW)
at Imatra mills in Finland. Extrusion coating is a process used to enhance the
functionality of paperboard packaging by creating barrier properties for
demanding applications such as food and liquid. 

The investment will enhance Stora Enso’s ability to meet increasing customer
demand for food service board and liquid packaging board, which is estimated to
grow above industry standard. 

This investment is part of Consumer Board division’s growth strategy to ensure
competitiveness and deliver profitable growth. The additional extrusion coating
capacity will also allow further product development of innovative new
generation bio-barriers, among others. 

The investment will begin in Q2 2016 and is expected to be completed in early
Q4 2017. This is in line with the group’s full year 2016 capital expenditure
guidance, which is anticipated to amount 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 40 763 8767


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