| Stora Enso Investing in Copy Paper Production at Veitsiluoto Mill |
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Helsinki, Finland, 27 May 2007 -- Stora Enso is investing EUR 25 million in a new copy paper sheeter, two packaging lines, and a new machine hall at its Veitsiluoto fine paper mill in Finland. The project, which will increase mill specialization within the division, is scheduled to start in June 2007 and be completed within a year.
This investment in line with Stora Enso's fine paper strategy will increase the mill's copy paper sheet cutting capacity by about 140,000 metric tons to 510,000 metric tons per year, making it Europe's biggest copy paper sheeting plant. The production capacity of the mill will be virtually unchanged.
As already announced, envelope paper production will be transferred from the Veitsiluoto mill to the Varkaus mill in 2008, allowing the Veitsiluoto mill to focus on copy paper under the Group's mill specialization program.
The new investment will enable the Group to react faster to European market growth. |
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