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Home BUSINESSStora Enso to invest in new production line in Varkaus
Thu, 05 Feb, 2015 12:03:10 AM
FTimes Report, Feb 5
Stora Enso's CEO CEO Karl-Henrik Sundström spoke at a press conference in Helsinki on Wednesday. Photo – Lehtikuva.
Wood products and packaging giant Stora Enso is investing in a new production line for wooden building elements located in Varkaus, said the company in a release.
The 43 million euros investment is based on peeling technology which will further enhance Stora Enso’s position as a global provider of high quality engineered wooden elements.
The new products complement the existing product portfolio, said the company.
The investment is expected to generate annual sales of EUR 50 million when run at full capacity, and production is scheduled to begin in the second quarter of 2016.
Jari Suominen, executive vice president and head of Stora Enso’s Wood Products, said the investment will enable to meet the growing urban construction needs as well as to offer the company’s customers a wider range of wood product solutions.
“This investment is part of Stora Enso’s transformation to a customer-focused renewable materials company. With this investment we will be able to meet growing urban construction needs, serve new geographic areas and markets and offer our customers a wider range of wood product solutions,” said  Suominen in the release. 
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