Stora Enso
Helsinki, Finland, 21 December 2011 -- Stora Enso has signed an agreement with the European Investment Bank (EIB) for a EUR 150 million loan to be used for a new containerboard machine investment project at its Ostrołęka mill in Poland. The loan matures in 2023. "Our co-operation with EIB is good and we are delighted with EIB’s continuing support for our strategically important investments. The investment at Ostrołęka will strengthen our competitive position in corrugated packaging in the growing markets of Central and Eastern Europe, and is one more step in building sustainable and profitable growth for the Group. The new containerboard machine with a modern product and greater capacity than the machine it replaces will not only renew our product offering, it will also improve our overall cost position through efficient internal supply of light-weight containerboard made from recycled fiber,” said Mats Nordlander, executive vice president, Packaging Business Area.
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