Stora Enso highlights investments expected to be completed in 2017-19

- In our transformation into a renewable materials company, Stora Enso is now starting to pass the heavy asset investment phase and moving the focus towards sales and innovation. The company is already beginning to reap the benefits of big investments like the construction of Beihai Mill, Varkaus Mill conversion to kraftliner and the new laminated veneer lumber (LVL) line, and the modernisation and expansion of Murów sawmill.

2017
Beihai Mill. Stora Enso is investing a total of EUR 31 million in a new polyethylene (PE) coating line in the new consumer board mill in Beihai, China. The investment is expected to be completed during Q3/2017.
Imatra Mills. Stora Enso is investing a total of approximately EUR 70 million in a new polyethylene (PE) extrusion coating plant and an automated roll warehouse (ARW) at Imatra mills in Finland. The investment is expected to be completed in early Q4/2017.

Skoghall Mill. Stora Enso is investing a total of EUR 16 million in a new chemical plant at the consumer board mill in Skoghall, Sweden to further improve the environmental performance of the mill. The investment is expected to be completed by the end of 2017.

Skutskär Mill. Stora Enso is investing a total of EUR 16 million to improve the environmental performance of the mill in Skutskär, Sweden by reducing sulphur emissions. The investment is expected to be completed by the end of 2017.
Imatra, Ingerois, and Fors mills. Stora Enso is investing a total of EUR 9.1 million in the consumer board mills in Imatra and Ingerois, Finland, and Fors, Sweden, to continue the commercialisation of microfibrillated cellulose (MFC) and to accelerate product development. The plants are scheduled to start production by the end of 2017 and expected to reach full production within 3 to 5 years.

2018
Hylte Mill. Stora Enso is investing a total of EUR 12 million to build a new production line that will manufacture biocomposite granules at Hylte Mill in Sweden. Production is scheduled to begin during the first quarter of 2018.

Lahti plant. Stora Enso’s corrugated packaging plant in Heinola will be closed permanently and packaging manufacturing transferred to the Lahti plant. As part of the consolidation, Stora Enso is investing approximately EUR 19 million in new machinery and supporting infrastructure in Lahti. The project is expected to be finalised by the end of the first quarter 2018.

Skutskär Mill. Stora Enso is investing a total of EUR 26.5 million in Skutskär pulp mill to increase fluff capacity to meet the growing demand in the hygiene market. The investment is expected to be completed during the second quarter of 2018.

Heinola Mill. Stora Enso is investing a total of EUR 28 million at the Heinola Fluting Mill in Finland to meet a growing customer demand globally. The investment is scheduled to be completed in the second quarter of 2018.

2019
Gruvön Mill. Stora Enso has decided to invest a total of EUR 45 million in a new production unit for cross laminated timber (CLT) in connection with the Gruvön Mill in Sweden. The investment will further enhance Stora Enso’s position as a global provider of high quality engineered wooden elements and as a market leader in CLT. The production is scheduled to begin during the first quarter of 2019.

Source: Technology Channels - Risiinfo
Article: https://technology.risiinfo.com/packaging-technology/asia-pacific-europe/stora-enso-highlights-investments-expected-be-completed-2017-19