FINLAND (News release) -- As a consequence of its strategic direction, Stora Enso is in the process of exiting the segment of dissolving pulp for viscose production globally. This segment is not core for company and stands for only a small part of its overall business. Dissolving pulp is produced at Stora Enso's Enocell mill, which currently produces both standard and dissolving pulp grades. Production at the Enocell mill will continue with other types of pulp grades than dissolving pulp and for other end uses than viscose.

During last year, Stora Enso reviewed its strategic agenda and identified its focus areas going forward. Stora Enso to focus on business segments that have the potential for future growth, namely packaging, wooden construction and biomaterials innovation from lignin.

This strategic direction remains in line with what the company communicated on the Capital Markets Day in November 2020 and exiting its dissolving pulp business for viscose production will not have material impact on its financial results.

Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden construction and paper.