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Management Side
Stora Enso to Improve Capacity at Skoghall Board Mill
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Helsinki, Finland, 20 April 2011 -- Stora Enso is responding to growing demand and expectations in the packaging market by investing approximately EUR 90 million in its Skoghall mill in Sweden. The investment will enable further development of the Skoghall mill by securing its competitiveness and safeguarding its wood raw material supply by improving wood handling.

“Skoghall mill is one of our key assets in the liquid packaging board business in Europe, and this is an important step to improve the mill's competitiveness. In addition, the investment will support the wood and chip handling to all our Swedish mills,” said Mats Nordlander, executive vice president, Packaging Business Area.

Stora Enso will build a new woodroom and woodyard at Skoghall mill, with an annual wood-handling capacity of 1.9 million cubic meters. The investment is scheduled to be completed by the end of the fourth quarter of 2012.

Stora Enso is a global provider of innovative packaging, paper, and wood products solutions based on renewable materials. Stora Enso employs some 26,000 people worldwide, and had sales in 2010 amounting to EUR 10.3 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) in the International OTCQX over-the-counter market.
 

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