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Tag: Stora Enso

Stora Enso divests its packaging operations in Russia

4 July 2022 ` 15:52  
Stora Enso has divested its three corrugated packaging plants in Russia. The Company’s Lukhovitsy, Arzamas and Balabanovo packaging plants have been divested to local management. Stora Enso’s assessment is that due to the uncertainties in the Russian market,...

Russian Timber Journal 05-2022: interview with Alexander Shangin, CEO, Vologodskiye Lesopromyshlenniki Group; roaring demand in 2021 caused a consumption/supply imbalance in the Russian MDF/HDF market; Rosleskhoz urges for reduced liability of forest users operating LesEGAIS; plywood production continues to decline in Russia; Valmet’s withdrawal from Russia is progressing; Rehau to withdraw business in Russia

Russian Timber Journal 05-2022: Alexander Shangin, CEO, Vologodskiye Lesopromyshlenniki Group: “Substantial assistance to systemically important federal-level enterprises is currently non-existent”; roaring demand in 2021 caused a consumption/supply imbalance in the Russian MDF/HDF market; Rosleskhoz urges for reduced liability of forest users...

Stora Enso divests its sawmills and forest operations in Russia

26 April 2022 ` 16:04  
Stora Enso has entered into an agreement to divest its two sawmills in Russia. The Company’s Nebolchi and Impilahti sawmills will be divested to local management. In addition, the divestment includes Stora Enso’s Russian forest operation which through...

Stora Enso stops all production and sales in Russia

2 March 2022 ` 17:51  
Stora Enso announced that they will stop all production and sales in Russia until further notice. Stora Enso has three corrugated packaging plants and two wood products sawmills in Russia (according to WhatWood, the total annual sawn timber...

Stora Enso launches new bio-based binder system

5 May 2021 ` 18:06  
NeoLigno is Stora Enso’s latest addition to the range of products. It is a fully bio-based binder system without formaldehyde and isocyanates. Initial target applications are in particleboards and insulation materials used in the building and construction industry....

Stora Enso launches plan to permanently close pulp and paper production at mills in Kvarnsveden and Veitsiluoto

30 April 2021 ` 17:24  
Stora Enso will enter into co-determination negotiations with employees at the mills in Kvarnsveden in Sweden and Veitsiluoto in Finland regarding a plan to permanently close the pulp and paper production at both plants. The planned closures would...

Setles LLC completed a priority investment project in the forest sector in Karelia

27 April 2021 ` 17:16  
The value of investments in the assets of Stora Enso amounted to 459 million rubles: 388 million rubles were invested in a sawmill and 71 million rubles – in the development of the forest infrastructure. In total, the...