Tag: Stora Enso

Stora Enso and Cordenka partner to develop bio-based carbon fiber materials

Stora Enso and Cordenka partner to develop bio-based carbon fiber materials

May 10, 2020 |

In Finland, Stora Enso and Cordenka signed a joint development agreement to develop precursors for bio-based carbon fiber. The co-development is driven by the need for high performance carbon fiber in transportation, construction and power generation. Stora Enso has been developing the technology for manufacturing carbon fiber from wood-based raw materials, i.e. dissolving pulp and […]

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Stora Enso issues $169M green bond

Stora Enso issues $169M green bond

April 23, 2020 |

In Finland, Stora Enso has successfully issued a new $169 million green bond under its EMTN (Euro Medium Term Note) program and under Stora Enso’s Green Bond Frame work published in May 2018. The bond has two tranches as follows:  1) $99.3 million matures in April 2025 and pays a floating coupon of STIBOR +2.20%. 2) $69.5 […]

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Stora Enso to invest EUR9 million in bio-based plastic pilot facility in Belgium

Stora Enso to invest EUR9 million in bio-based plastic pilot facility in Belgium

December 11, 2019 |

In Finland, Stora Enso is investing EUR 9 million to build a pilot facility for enabling the production of bio-based plastics as barrier in transparent packaging. The pilot plant will convert plant-based sugars into the renewable building block required to make PEF, a bio-based plastic, mainly targeting the food and beverage industry. The pilot plant […]

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Stora Enso collaborates with HSMG on plant-based barrier coatings and fiber packaging

Stora Enso collaborates with HSMG on plant-based barrier coatings and fiber packaging

November 30, 2019 |

In Finland, Stora Enso entered into a strategic collaboration with HS Manufacturing Group, producer of plant-based barrier coatings, to develop Stora Enso’s formed fiber offering. Stora Enso will leverage HSMG’s PROTĒAN technology for food contact packaging applications. The technology offers a biodegradable and recyclable additive that gives fiber-based packaging water-, grease- and oil-resistant properties. Stora […]

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Stora Enso eyes new head office in Helsinki using wood

Stora Enso eyes new head office in Helsinki using wood

November 16, 2019 |

In Finland, Stora Enso is partnering with the Finnish pension insurance company Varma in the construction of a new head office in the center of Helsinki. Stora Enso will lease part of the building, which will showcase modern wooden architecture. Varma will organise an architecture competition for the design of the building and apply for […]

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Stora Enso’s Q3 financials see sales decreased by 7.1%, CEO hands reins to Annica Bresky

Stora Enso’s Q3 financials see sales decreased by 7.1%, CEO hands reins to Annica Bresky

November 3, 2019 |

In Finland, Stora Enso released their Q3 financials showing a continued focus on cash and costs and a profit protection programme target increase to EUR 275 million (about USD $307 million). Q3/2019 (compared with Q3/2018) saw sales decreased by 7.1% to EUR 2 402 (2 585) million. Operational EBIT decreased to EUR 231 (358) million. […]

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What to do in an increasingly paperless society? Stora Enso adapts and innovates with 3 big announcements on being ‘fit for the future’

What to do in an increasingly paperless society? Stora Enso adapts and innovates with 3 big announcements on being ‘fit for the future’

July 20, 2019 |

Lots of announcements coming in over the last few days from Stora Enso, from their EUR 10 million (about $11.2 million) investment in a pilot facility for producing bio-based carbon materials based on lignin to their Q2 financial reporting. And it doesn’t end there! They initiated a feasibility study for a possible cross laminated timber […]

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Stora Enso to convert Oulu paper mill into packaging board mill

Stora Enso to convert Oulu paper mill into packaging board mill

June 15, 2019 |

In Finland, Stora Enso is investing approximately EUR 350 million (about $390 million) to convert the Oulu paper mill into packaging production. The typical end uses for kraftliner are in packaging segments that require high strength, quality and purity, such as food, fruit and vegetables as well as heavy duty packaging. Production will target global […]

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Stora Enso finalizes restructuring of Bergvik Skog’s forests holdings

Stora Enso finalizes restructuring of Bergvik Skog’s forests holdings

June 2, 2019 |

In Finland, the shareholders of Bergvik Skog AB, a Swedish forest holding company, have finalized the previously announced restructuring of its ownership. Stora Enso’s forest holdings in Sweden will increase to 1.4 million hectares, of which 1.15 million hectares is productive forest land. “I am very pleased that we have successfully finalised the restructuring of […]

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Stora Enso invests EUR5 million to produce formed fiber products to reduce plastic use

Stora Enso invests EUR5 million to produce formed fiber products to reduce plastic use

March 18, 2019 |

In Finland, Stora Enso is investing EUR5 million to build a new production line and related infrastructure to manufacture formed fiber products at Hylte Mill in Sweden. The formed fiber technology enables manufacturing of products that are designed for circularity, meaning that they are renewable, recyclable and biodegradable and do not contain any plastic. The […]

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