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Stora Enso to Form a New Business Group in Specialty Papers

Press release from the issuing company

HELSINKI, Finland, Oct. 9 Stora Enso today announced that the company has formed a Specialty Papers Business Group within the Packaging Boards Division. The new Business Group consists of the Stevens Point mill (USA), the Uetersen paper machine No. 1 (Germany) and the Imatra paper machine No. 6 (Finland). In addition, it will market the specialty papers of the Kimberly mill paper machine No. 95 (USA). The annual production capacity of the new Business Group will be about 330 000 tonnes. Specialty papers had previously been part of the Fine Paper Division. The products of the new Specialty Papers Business Group are flexible packaging, technical papers and label papers. The Specialty Papers Business Group will account for approximately 10% of the Packaging Boards Division's sales. John Bergin of the Stevens Point mill has been appointed Senior Vice President for the new Business Group. "We plan to establish a global specialty papers sales presence to serve our global customers effectively. We expect these broadened markets to create valuable synergies for our customers and Stora Enso,'' he said. Stora Enso's Packaging Boards Division is divided into five Business Groups: Consumer Boards, Packaging, Corenso, Industrial Papers and Specialty Papers. The products include liquid packaging boards, cupstock and food service boards, cartonboards, corrugated packaging, coreboards, cores, containerboards (corrugated raw materials), laminating papers and specialty papers. The annual production capacity of the Packaging Boards Division is 3.3 million tonnes of board and paper, 300 000 tonnes of corrugated packaging and 160 000 tonnes of cores; it also produces 2.2 million tonnes of chemical pulp.

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