Stora Enso's new consumer board line at the Oulu site in Finland has started operations [Yahoo! Finance]
STORA ENSO OYJ ADR R SH (SEOAY)
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Source: Yahoo! Finance
line at the Oulu site in Finland has started production ramp-up. The first customer deliveries are expected in the second quarter of 2025. In 2022, Stora Enso decided to convert the remaining idle paper machine at the Oulu site into a highly flexible consumer packaging board line for folding box board (FBB) and coated unbleached kraft (CUK), with an annual capacity of 750,000 tonnes. The project is being completed according to the original timeline and budget of approximately EUR 1 billion . The new packaging board line is expected to reach EBITDA breakeven by the year-end 2025 and full capacity during 2027, at which point annual sales are anticipated to be approximately EUR 800 million Renewable packaging is Stora Enso's largest growth segment. The investment supports the Group's strategy by further strengthening the customer offering in the growing FBB and CUK segments. The targeted segments are frozen, chilled and dry food, as well as beverage multi-packaging, primarily for cus
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