Companies in the timber industry / Daily News / Forestry / Pulp & Paper / Sawmilling / Wood Products / Europe / Global / Russia
May 17, 2022
Stora Enso completes exit from Russia
Finland's Stora Enso has divested the last of its Russian operations, three corrugated packaging plants, to local management, the forestry firm said on Monday. "We have sold all our operations in Russia," a company spokeswoman said, adding the divestment was pending regulatory approvals by local authorities. On 2 March, Stora Enso announced it would stop all production and sales in Russia, condemning Russia's invasion of Ukraine. Prior to what Moscow calls 'a special operation' in Ukraine, Stora Enso employed around 1,100 people in Russia and ...
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