Forest company Stora Enso announced on Tuesday that it will begin a process that could lead to the sale of the company’s four paper mills.
The mills include Stora Enso’s Anjala paper mill in Finland and the Hylte and Nymölla mills in Sweden, as well as the Maxau mill in southwest Germany – all of which are paper and pulp mills.
The company stated that the Langerbrugge plant in Belgium would not be sold.
The decision to sell the four mills is based on the company’s strategic goals to focus on packaging, construction solutions and biomaterial innovations – while giving up paper.
Stora Enso currently has five paper mills, which employ a total of about 2,200 people, 300 of whom work at the Anjala mill in southern Finland.
The turnover of the company’s paper business in 2021 was approximately EUR 1.7 billion.
Source: The Nordic Page