Stora Enso fourth quarter results surged due to asset sales, but
the company has still ended the year well into the red, leaving
many analysts wondering if it can maintain its renewed momentum in
the year ahead.
Stora Enso, the Finnish-based global wood-based products group, has
signed a new €2.5 billion revolving credit facility agreement with
a group of 21 banks, which will allow it to increase investment in
Further to yesterday's news that Stora Enso is moving its Asian
headquarters from Singapore to Beijing, the Finnish paper giant has
today announced that it is also establishing research and
development facilities there too.
Stora Enso, one of the world's leading forest industry companies,
will move its Asia-Pacific headquarters from Singapore to China's
economic centre, Shanghai, the company's chief executive officer
Stora Enso has said that it will take a €1.15 billion charge to
help turn its loss-making North American unit to profit as the
world's top paper and board maker grapples with tough economic
Stora Enso, the Finnish paper and packaging company, has approved a
€70 million investment in the Baienfurt Mill in Germany to improve
productivity and serve growing market demand. The investment will
increase the Folding Boxboard...