Stora Enso decides to discontinue the divestment process of its Beihai production site in China (Inside information) [Yahoo! Finance]
STORA ENSO OYJ ADR R SH (SEOAY)
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Source: Yahoo! Finance
HELSINKI Oct. 23, 2024 /PRNewswire/ -- Stora Enso has decided to discontinue the divestment process for its Beihai packaging board production site and forestry business, announced in December 2022 . Stora Enso is of the view that the value in own use of the assets exceeds the achievable transaction value, and has therefore chosen to retain these operations within the Group. Stora Enso's strategic ambition is to build on its global leading position in the fiber-based packaging market. The business of the Beihai site will be developed through a continued focus on operational excellence, cost optimisation, and product development. By adjusting the product mix to increase the share of liquid packaging board and other premium grades, the Beihai site will strengthen Stora Enso's leading position as a global supplier. No significant capital expenditure is expected in the mid-term. The Group's other liquid packaging board production sites include Imatra, Finland and Skoghall, Sweden , wh
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