Stora Enso plans to divest its consumer board production site and forestry operations in China

By Stora Enso Oyj
Cision Newswire
December 16, 2022
Category: Business & Politics
Region: International

HELSINKI — Stora Enso has initiated a sales process for a possible divestment of its consumer board production site in Beihai, China. The divestment would also include the Group’s forestry operations in the surrounding region, which supply raw material to the Beihai site. The sales process supports Stora Enso’s strategy to focus on long-term profitable growth within the areas of renewable packaging, building solutions and biomaterials innovations. …The divestment of the board mill and forestry operations would be conducted separately or as a combined unit. Stora Enso has not committed to a timeline for the conclusion of the process. The divestment plan has no immediate effect on Stora Enso’s financials or on the Beihai site’s production. The site continues to serve its customers.

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