Tag: Stora Enso
Varma’s wooden house in Helsinki’s Katajanokka to support carbon neutrality goals
The frame of the building consists of 2,500 wooden elements, and the facades will be installed in the spring, and the construction of the interior of the building is scheduled to begin in the summer. The approximately 16,000 square meter building for rent will house, among other things, Stora Enso’s head office and the S […]
Stora Enso begins negotiations on possible layoffs
The plans may affect approximately 1,300 employees, the forest industry company says.
Stora Enso will spend one billion euros to convert the Oulu factory
With the investment, Stora Enso’s Oulu unit will become a cardboard manufacturing “megasite”, according to the company.
HS: Four plead guilty to securities crimes in an exceptionally large case
Helsingin Sanomat emphasized on Saturday that the case is unusual not only in its scope, but also because all four defendants confessed to the crimes in exchange for a reduced sentence. The case is believed to be the first in which the defendant has been convicted of a securities market crime at trial based on […]
Google buys more land from the city of Hamina
Internet giant Google will buy 50 hectares more land from the city of Hamina next to its current data center for 4.3 million euros. Hannu MuhonenThe mayor of Hamina, was pleased that Google decided to continue investing in Hamina, as the company is a major employer in the city. "We have had an excellent partnership […]
Textile recycling plant from the Lapland paper mill
Stora Enso’s former Veitsiluoto plant in Kemi, Lapland, will be revived in 2021 after the plant is closed. Infinited Fiber, which treats textile waste, has announced that it will invest around € 400 million in converting an old paper mill into a textile fiber plant. The company’s recycled fiber technology converts cellulosic materials, such as […]
Stora Enso sells Russian sawmills and forestry operations
On Monday, the Finnish forestry company Stora Enso announced that it would transfer some of its operations in Russia to local management. The company said in a press release that two sawmills in Karelia and Novgorod will be sold, as well as Russian forest operations that supply wood to the mills. These sawmills employ about […]
Nurses take to the streets, the strike by paperworkers continues
A wave of strikes hits Finland as people struggle with rising costs of living. Paper workers are on strike at UPM, municipal staff are struggling across the country – and a large nurses’ strike is exposing cracks in the Finnish healthcare system. This week’s episode of Yle News’s All Points North podcast will hear nurses […]
Stora Enso plans to sell four paper mills, one of which is in Finland
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 […]
Fazer and the S Group’s latest Finnish companies are withdrawing from Russia
“We see no solution but to withdraw from Russia” said Christoph VitzthumPresident and CEO of Fazer Group. “Russia’s attack on Ukraine is an aggression with tragic consequences throughout the region. We have a number of stakeholders and serious consequences to consider, which has not allowed us to break out as we would have liked. We […]
Union: UPM’s strike continues until March
The Paper Association announced on Friday that employees at UPM’s mill will continue their strike until March 12 if they cannot reach an agreement with the company on a new collective agreement before then. The strike began on January 1, 2022. The union has been negotiating with UPM on the details of an agreement governing […]
Stora Enso, SSAB:n ennätysjälkeinen tulos; Wärtsilä nousi 53 %
Suurimmalle osalle suomalaisista pörssiyhtiöistä nyt kolmatta vuotta alkava koronaviruskausi on ollut kannattava. Tämä trendi jatkuu perjantaina julkistettujen neljännen vuosineljänneksen tulosten perusteella. Metsäteollisuusjätti Stora Enso teki koko viime vuoden kaikkien aikojen parhaan liiketuloksensa. Se nousi 650 miljoonalla eurolla 1,5 miljardiin euroon. Liikevaihto kasvoi 19 prosenttia vuodentakaisesta lähes 11 miljardiin euroon. Vuoden 2021 loppu toi sellun ja […]
