Stora Enso Considers Increasing Containerboard Production in Poland
Stora Enso is considering increasing containerboard production at the Ostroleka Mill in Poland by 500,000 tonnes per year.
May 2, 2016 - Stora Enso said that it will begin a feasibility study focused on the profitability of the possible expansion of containerboard production at the company's Ostroleka Mill in Poland.
Stora Enso said it is considering increasing containerboard production at the mill by 500,000 tonnes per year.
The findings of a recently completed pre-feasibility study supported continuation of the process, Stora Enso noted.
Stora Enso said the studied investment will be cost competitive and it has synergies with the newest containerboard machine (PM 5) in Ostroleka, which went into production in 2013.
If the investment is approved following the feasibility study, which is expected to be completed by the end of 2016, the capital expenditure for the expansion is estimated to be in the range of EUR 350-400 million over a couple of years, the company said.
“Poland is a large and growing market where we have a strong presence and customer base,” said Gilles van Nieuwenhuyzen, EVP Division Packaging Solutions. “Stora Enso regularly conducts feasibility studies to explore potential expansion opportunities. The decision regarding a possible expansion at Ostroleka Mill will be made once the assessment is completed.”
Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. To learn more, please visit: www.storaenso.com
SOURCE: Stora Enso