Stora Enso will invest approximately €1 billion to convert the remaining idle woodfree coated paper machine at the group’s Oulu site in Finland into a board machine. Board production is estimated to start in early 2025.
Stora Enso has taken a final decision to invest in cartonboard production at the Oulu mill in order to accelarate growth in paper and board-based packaging markets.
The converted BM will have an annual capacity of 750,000 tpy and produce folding boxboard (FBB) and coated unbleached kraft (CUK) board. The mill will target end-use segments such as food and beverage packaging, especially frozen and chilled, and dry and fast food, mainly in Europe and North America, Stora Enso explained.
The converted board machine is said to consume approximately one million m³ of pulpwood and will reduce the group's market pulp position by 250,000 tpy.
Stora Enso puts the total capital expenditure for the project at approximately €1 billion during 2022–2025. The investment will create approximately 300 new jobs at the Oulu site.
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