Stora Enso Oyj Press Release 28 September 2005 at 14:00 GMT
Stora Enso's CEO Jukka Härmälä said today that Stora Enso has made preliminary plans to build a second eucalyptus fibre line at Veracel Pulp Mill in Brazil. He was speaking at the formal inauguration of Veracel, which was attended by Brazilian President Luis Inácio Lula da Silva.
"We have been so encouraged by our good co-operation and the support we have received that although no decision has yet been taken, we see it as a natural development to invest in a second fibre line jointly with Aracruz, our partner in Veracel," Mr Härmälä said. Stora Enso will announce more details of the plans when further decisions have been taken.
Veracel Pulp Mill, a joint venture between Stora Enso and Aracruz Celulose, started sustainable production of low-cost, high-quality eucalyptus pulp in May 2005. The annual capacity of the mill in full production is 900 000 tonnes, Stora Enso's share being 450 000 tonnes. Pulp shipments to Stora Enso's mills in China and Europe commenced in July 2005.
When in full production, the present mill will be the largest single-line pulp mill in the world. It is also one of the most modern, with state-of-the-art technologies and processes meeting the strictest international environmental standards. The total investment, including plantations, the mill and infrastructure, was about USD 1.2 billion.
For further information, please contact:
Nils Grafström, Executive Vice President and President, Stora Enso Latin America, tel. +55 11 3065 5200
Kari Vainio, Executive Vice President, Corporate Communications, tel. +44 7799 348 197
Keith Russell, Senior Vice President, Investor Relations, tel. +44 20 7016 3146
Ulla Paajanen-Sainio, Vice President, Investor Relations and Financial Communications, tel.
+358 40 763 8767
Previous press releases concerning Stora Enso's activities in South America:
- 26 September 2005: Stora Enso is purchasing land in Brazil and Uruguay
- 15 August 2005: Stora Enso's Oulu Mill receives first shipment of Veracel pulp
- 8 May 2003: Stora Enso and Aracruz announce decision to build Veracel pulp mill
