Stora Enso Packaging Oy, a subsidiary of Stora Enso Oyj, will build a new plant producing mobile phone packaging in Budapest, Hungary, and expand production capacity at Ruovesi, Finland. Both plants specialize in micro-flute corrugated products for mobile phone packaging. Construction work will start at both locations this year. The Budapest plant, which will begin production in summer 2001 and employ 40 people, will have an annual capacity of 7,000 tonnes. The Ruovesi expansion to be completed during 2001 will increase its annual capacity to 15,000 tonnes. These projects costing altogether EUR 11 million will make Stora Enso Packaging one of the world's leading suppliers of mobile phone packaging.
The continuing strong growth of the mobile phone industry is expected to provide good prospects for expansion in this business. Stora Enso Packaging is also looking for production and marketing opportunities in the USA and China.
The products of the new plant will be marketed by MCP Solutions Oy, a joint venture of Stora Enso Packaging Oy and Huhtamäki Van Leer. MCP Solutions Oy was founded to market packaging solutions for mobile communication products.
For further information please contact:
Veli-Jussi Potka, Managing Director, Stora Enso Packaging Oy, tel. +358 2046 27403 or +358 400 895 350
