Stora Enso, the Northern European leading provider of renewable solutions in packaging, biomaterials, wood and paper on global markets, is investing a total of approximately 63 million euro to further improve competitiveness in strategic growth areas in China and Sweden in the Consumer Board and Biomaterials divisions. The Nordic company will invest 31 million euro in a new polyethylene (PE) coating line in the new consumer board mill in Beihai, China. The Beihai Mill is expected to be in operation during the second quarter of 2016, as communicated earlier. The investment will enhance Stora Enso’s strategy for profitable growth and supports competitiveness by enabling short lead-times and full quality control for PE-coated prime Food Service Board (FSB). The investment is expected to be completed in mid-2017.
