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Stora Enso Investing in Sweden and France

Press release from the issuing company

HELSINKI, Finland, April 25 -- Stora Enso today announced that Stora Enso has approved an investment in the finishing department of the Fors Mill in Sweden. The project, costing EUR 25.5 million, includes an extension of the finishing department building, loading ramps, a new packaging line for sheet pallets and automatic computerised roll storage. The investment will enhance customer service through swifter deliveries. Shorter lead times and higher sheeting capacity will improve efficiency and reduce costs. Rebuilding will start in May 2002 and is scheduled to be finished in May 2003. Stora Enso has also approved an investment in a new back-up boiler plant and renovation of the electricity distribution network at the Corbehem Mill in France. The project, costing EUR 23 million, will replace old boilers and improve efficiency. The new boiler is scheduled to start up in spring 2004.