Stora Enso has acquired Purple Charta Investments' 20% shareholding in Stora Enso Suzhou Paper Co. Following this acquisition, Stora Enso owns 80.87% of Stora Enso Suzhou Paper Co, and the local Suzhou Hua Sheng Paper Mill and Suzhou Handicraft Industry Cooperative the remaining 19.13%.
Stora Enso Suzhou Paper Co consists of the Suzhou mill near Shanghai and a sales network with six offices covering all the main markets in China. Stora Enso Suzhou is currently the second-biggest supplier of coated fine paper in the Chinese market, with an annual capacity of 150 000 tonnes.
For further information, please contact:
Seppo Hietanen, Executive Vice President, Asia Pacific, tel. +65 733 8934
