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Stora Enso Implements E-Commerce Connection with Time Inc., XML Automation

Press release from the issuing company

WISCONSIN RAPIDS, Wis.-July 12, 2001--Papermaker Stora Enso North America announced that it recently completed a paper order with Time Inc. using "Extensible Markup Language'' (XML), an initial step in the evolution of e-commerce between forest and paper product producers and their customers. The June 13 paper order, made via the papiNet standard, is the first production implementation of a papiNet standard message in North America. The purpose of papiNet, created by a global coalition of forest product companies, is to develop, maintain and support the implementation of global electronic business transaction standards for parties engaged in the buying, selling and distribution of forest and paper products. The aim is to improve the reach and richness of communication throughout the supply chain, increase efficiencies and support interoperability among trading partners. Stora Enso North America Project Leader Kevin Shibilski said, "The implementation of this e-commerce system under Stora Enso North America will provide added value to our relationship with customers by reducing costs, improving timeliness and enhancing business efficiencies.'' Time Inc. and Stora Enso North America are currently testing electronic invoicing. Anne Considine, E-Commerce Manager for Paper Purchasing at Time Inc., said, "With a common style-sheet shared between buyer and seller, it is much easier to test and monitor the purchase order flow and is a major improvement over the current systems.'' Time Inc., the world's leading magazine publisher, is a wholly owned subsidiary of AOL Time Warner Inc. Stora Enso North America, a Division of global paper and forest products company Stora Enso Oyj, promotes communication and the well-being of people by turning renewable fiber into paper, packaging and processed wood products.