Stora Enso Oyj Stock Exchange Release 16 December 2005 at 8:00 GMT
Stora Enso will upgrade and modernise board machine 2 (BM2) at its Fors Mill in Sweden to improve product quality and cost efficiency, and increase production flexibility. One of the boilers will also be modified to enhance the mill's energy supply by replacing oil with biofuel. The annual folding boxboard production capacity of BM2 will increase slightly, by13 000 tonnes. Capital expenditure on the project, which is scheduled to start in 2006 and be completed in 2007, will amount to EUR 35 million.
"This investment during a profit improvement programme is essential for the long-term competitiveness of Fors Mill. It also demonstrates Stora Enso's commitment to maintaining and developing the quality of its assets, and improving the competitiveness of its production in Europe," says Håkan Moldén, Managing Director of Fors Mill.
Swedish Quality Award 2005
As a result of long-term quality work, Stora Enso's Fors Mill was today presented with the Swedish Quality Award by King Carl XVI Gustaf of Sweden.
Stora Enso's Fors Mill received the award in recognition of its sustainable and determined work over a long period. The award confirms that Stora Enso has successfully built up a corporate culture of continuous development and its operations are world class.
For further information, please contact:
Kai Korhonen, Senior Executive Vice President, Stora Enso Packaging Boards,
tel. +358 2046 21496
Håkan Moldén, Managing Director, Stora Enso Packaging Boards, Fors Mill,
tel. +46 1046 350 64
Kari Vainio, Executive Vice President, Corporate Communications, tel. +44 7799 348 197
Keith B Russell, Senior Vice President, Investor Relations, tel. +44 7775 788 659
Stora Enso's Fors Mill in central Sweden is one of the world's largest and most modern producers of cartonboard for consumer packaging and printing. End uses include foodstuff, cigarette, chocolate and confectionery packaging. The mill, which employs about 800 people, has two board machines producing 360 000 tonnes of folding boxboard per year.
