Paper Solutions
Stora Enso has completed the divestment of its paper production site in Hylte, Sweden, and all related assets, to Sweden Timber. The enterprise value of the transaction is approximately EUR18 million and will result in the reduction of Stora Enso’s annual newsprint paper capacity by 245,000 tonnes.
The transaction, part of the earlier announced plan to divest four of the company’s five paper production sites, does not affect the formed fibre and biocomposite operations located at the Hylte site.
The paper operations divestment plan was concluded on 27 January 2023 when Stora Enso announced the agreement to divest the Hylte site and to discontinue the divestment process of the Anjala paper production site in Finland. The divestment of the Nymölla paper site in Sweden was completed on 2 January with ownership transferred to Sylvamo while the divestment of the Maxau paper site in Germany to Schwarz Produktion was completed on 1 March. The group’s Paper division was discontinued as of 1 January 2023, with the retained Langerbrugge (Belgium) and Anjala paper production sites being integrated into Packaging Materials division.
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