HELSINKI
,
October 21, 2022
(press release)
–
Following the first machine conversion at the Oulu site in 2021 from paper to kraftliner, the remaining idle paper line will be converted into a state-of-the-art highly flexible consumer board line for folding box board (FBB) and coated unbleached kraft (CUK). The total annual capacity will be 750,000 tonnes of consumer board. The target end-use segments are food and beverage packaging, especially frozen and chilled, and dry and fast food, mainly in
"Renewable packaging continues to be our largest strategic growth area. It's also a market that is now, for the first time, growing faster than plastics-based alternatives. Through this conversion we can build on existing assets for quick and cost-effective time-to-market compared to other investment alternatives. This puts us in a strong position to drive revenue growth and build market share," says
The total investment will be approximately
"This investment represents a step change in the European market and will develop our Oulu unit into a mega site, improving profitability and competitiveness for both our consumer board and containerboard offerings. The converted line will be the most cost-competitive FBB machine in
The investment is fully aligned with
The investment will create approximately 300 new jobs at the Oulu site and support functions, and an additional 1,500 indirect employment opportunities overall. The wood consumption of the new line will be approximately one million cubic metres of pulp wood. After the investment, the Group's market pulp position will be reduced by approximately 250,000 tonnes annually. For further information, please contact: For further information, please contact: https://news.cision.com/stora-enso-oyj/i/oulu-listimage,c3104007 https://news.cision.com/stora-enso-oyj/i/ckb-carrier-,c3104008 https://news.cision.com/stora-enso-oyj/i/oulu-stora-enso,c3104009
Press Officer
tel. +46 72 241 0349
Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691
Part of the global bioeconomy,
Press Officer
tel. +46 72 241 0349
Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691
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