To increase transparency, Stora Enso will establish a Forest division and start reporting it separately at the beginning of 2020. The new Forest division will include Stora Enso’s Swedish forest assets (including the recently-acquired Bergvik Skog Väst AB) and its 41% share of Tornator with the majority of its forest assets located in Finland.
The Forest division will also include wood supply operations in Finland, Sweden, Russia and Baltic countries. Tree plantations in the southern hemisphere linked to local pulp mills continue to be reported as before under the Biomaterials and Consumer Board divisions. After establishing the new Forest division, segment Other reporting will include Group functions, logistics and other operations
Stora Enso’s CEO, Karl-Henrik Sundström, says: “As a major player in the bioeconomy, access to wood is critical for us. Taking forest assets under direct ownership gives us more flexibility to optimise our wood supply and operations. Furthermore, as wood is the single most important raw material and the biggest share of our costs, as well as a large part of the balance sheet, it will make sense to increase the transparency of reporting now, when we have successfully finalised the acquisition of Swedish forest holdings.”
Today, Stora Enso has forest assets valued at more than EUR 4.1 billion (land and biological assets) in its balance sheet, the highest value being of biological assets of EUR 3.6 billion among Nordic companies. In Sweden, Stora Enso owns 1.4 million hectares of forest, of which 1.14 million hectares are productive forest land with standing stock of 143 million m³.
Multicopy is manufactured from chemical pulp at Nymölla Mill in Sweden. The annual production capacity is 485 000 tonnes of paper. Stora Enso is now investing EUR 26 million in modernizing the pulp production in Nymölla to improve the site’s competitiveness as well as its sustainable performance. When the modernization is completed, during the second quarter of 2022, the early pulp production capacity is estimated to grow from 220 000 tonnes to 245 000 tonnes.
The sustainable, high quality papers in the Multicopy range help you do and look good. Since there is even more to Multicopy – being problem free, bright white and a perfect base for amazing print in all office machines – your choice of paper will make you feel good as well. Today we point the spotlight at Multicopy.
As a service to our clients, the Paper Division has developed an interactive self-learning resource on the topic of sustainability – a digital academy – that was launched in early 2021.