Stora Enso
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Stora Enso to build new cross laminated timber (CLT) production plant in Sweden
Stora Enso has decided to invest EUR 45 million in a new production unit for cross laminated timber (CLT) in connection with its Gruvön Mill in Sweden. The production is scheduled to begin during the first quarter of 2019. The estimated yearly capacity of the production line will be approximately 100 000 m³ after ramp-up, subject to required approvals being in place. The investment is expected to generate annual sales of approximately EUR 50 million when run at full capacity and over time significantly exceed the Wood Products division’s profitability target, operational return on operating capital (ROOC) of 18%. The green field investment is made as an extension of the existing Gruvön sawmill. The construction is expected to start by the end of Q4 2017. Stora Enso invests in advanced technology, which together with completely integrated production, will ensure cost... Continue reading
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July 4, 2017
Stora Enso to build new cross laminated timber (CLT) production plant in Sweden
Stora Enso has decided to invest EUR 45 million in a new production unit for cross laminated timber (CLT) in connection with its Gruvön Mill in Sweden. The production is scheduled to begin during the first quarter of 2019. The estimated yearly capacity of the production line will be approximately 100 000 m³ after ramp-up, subject to required approvals being in place. The investment is expected to generate annual sales of approximately EUR 50 million when run at full capacity and over time significantly exceed the Wood Products division’s profitability target, operational return on operating capital (ROOC) of 18%. The green field investment is made as an extension of the existing Gruvön sawmill. The construction is expected to start by the end of Q4 2017. Stora Enso invests in advanced technology, which together with completely integrated production, will ensure cost... Continue reading
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June 17, 2016
Stora Enso inaugurates €800 million Beihai mill in China
Stora Enso inaugurates its new consumer board mill in Beihai, China. The mill started up in May and it is expected to reach full production within 18 to 24 months. With an investment of EUR 800 million, this is the largest Nordic direct investment in China, and a significant investment in the history of Stora Enso. The Beihai consumer board mill has an annual capacity of 450,000 tonnes of high-grade carton board products. One of the key end products is Liquid Packaging Board, of which more than 80 per cent today is imported to China. Stora Enso is the world-leading producer of this product. “We are delighted to announce the official opening of the Stora Enso consumer board mill in China. This is a very important milestone for us”, says Stora Enso’s CEO Karl-Henrik Sundström. “China is a market with high potential and the start-up of our consumer board mill is crucial to... Continue reading
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July 4, 2017
Stora Enso to build new cross laminated timber (CLT) production plant in Sweden
Stora Enso has decided to invest EUR 45 million in a new production unit for cross laminated timber (CLT) in connection with its Gruvön Mill in Sweden. The production is scheduled to begin during the first quarter of 2019. The estimated yearly capacity of the production line will be approximately 100 000 m³ after ramp-up, subject to required approvals being in place. The investment is expected to generate annual sales of approximately EUR 50 million when run at full capacity and over time significantly exceed the Wood Products division’s profitability target, operational return on operating capital (ROOC) of 18%. The green field investment is made as an extension of the existing Gruvön sawmill. The construction is expected to start by the end of Q4 2017. Stora Enso invests in advanced technology, which together with completely integrated production, will ensure cost... Continue reading
