“Aligned with Stora Enso’s strategic focus on renewable materials, the investment would support the growth opportunity created by the increasing demand for recycled packaging board,” the corporate stated in an announcement.
Stora Enso’s website in Langerbrugge, Belgium, at the moment has two paper traces in manufacturing, one for newsprint and one for journal paper and the feasibility examine will deal with the conversion of the newsprint paper line, it stated.
The European federation for print and digital communication, Intergraf, warned in February {that a} basic discount of graphic paper manufacturing capability had pushed newsprint paper costs up considerably since mid-2021, leaving media organisations fighting rising prices.
The firm expects to finish the examine in the primary half of 2023, with the transformed line doubtlessly being in manufacturing throughout 2025, with an annual manufacturing capability of 700,000 tonnes and gross sales of round 350 million euros ($373.98 million).
“A conversion in Langerbrugge would establish a competitiveposition for us in Western Europe as well,” stated Hannu Kasurinen, head of Stora Enso’s packaging supplies division, referring to the corporate’s present presence in the Eastern European market through its containerboard manufacturing in Poland.
($1 = 0.9359 euros)
(Reporting by Anne Kauranen, Editing by Louise Heavens)
Finland’s Stora Enso consideering 400 million euro investment in Belgium & More Latest News Update
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