Stora Enso’s subsidiary ZAO Stora Enso Packaging will expand the production capacity of its Balabanovo plant in Russia. The Balabanovo plant manufactures corrugated board and boxes. The total investment in expanding the premises and adding new converting lines at Balabanovo will be EUR 14 million. This additional capacity will enable ZAO Stora Enso Packaging to respond to the rapidly increasing demand in Russia and improve customer service. The annual converting capacity of the Balabanovo plant will increase from 70 million m2 to 105 million m2, and the number of employees will increase by 35. The new capacity is expected to be in operation in March 2002.
For further information, please contact:
Veli-Jussi Potka, Managing Director, Stora Enso Packaging,
tel. +358 2046 27403
Stora Enso Packaging is an international supplier of corrugated board packaging products, and part of Stora Enso's Packaging Boards Division. Stora Enso Packaging employs 1,700 people in Finland, Sweden, Russia, Poland and the Baltic States. Stora Enso Packaging is also expanding its operations into Hungary this year.
