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Stora Enso Inaugurates Russian Corrugated Mill

June 30, 2008 - Stora Enso’s Russian subsidiary, Stora Enso Packaging BB, on June 25 inaugurated its new corrugated board plant at Lukhovitsy, some 130 kilometres southeast of Moscow.

“Demand for high-quality corrugated packaging is growing in Russia, and this investment continues the development of Stora Enso’s corrugated board production there," said Veli-Jussi Potka, executive vice president, Industrial Packaging.

"Stora Enso’s first industrial investment in Russia was the packaging plant at Balabanovo, some 100 kilometres southwest of Moscow, which was inaugurated in 1998. This year its production range will be broadened to include high-quality consumer packaging. Our second corrugated board plant in Russia started operations at Arzamas in Nizhny Novgorod Region in 2004," Potka said.

The annual production capacity of the plant will be 150 million m2 of corrugated packaging board.

The new EUR 53 million plant will mainly serve the Moscow area, Stora Enso said. It will employ about 200 people from the region.

Stora Enso Packaging's corrugated board plants in Russia have over 600 employees and produced more that 300 million m2 of corrugated board in 2007.

SOURCE: Stora Enso




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