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Stora Enso Concludes Strategic Review

By Reuters News

Nov 10 (Reuters) - Stora Enso Oyj STERV.HE:

  • STORA ENSO CONCLUDES STRATEGIC REVIEW FOR CENTRAL EUROPEAN SAWMILLS AND BUILDING SOLUTIONS OPERATIONS

  • COMPANY HAS DECIDED TO RETAIN BUSINESS AND INITIATE PLANS TO STREAMLINE OPERATIONS

  • PLANNED MEASURES MAY AFFECT UP TO 250 EMPLOYEES IN BUSINESS UNIT

  • AS PART OF ITS PROFITABILITY IMPROVEMENT ACTIONS, STORA ENSO PLANS TO CLOSE ONE PRODUCTION LINE AT BRAND SAWMILL IN AUSTRIA

  • AND MAKE STRUCTURAL CHANGES WITHIN BUSINESS UNIT IN CENTRAL EUROPE

  • SMALL LOG LINE AT BRAND MILL, WHICH WOULD REQUIRE SIGNIFICANT INVESTMENTS, IS PLANNED TO BE CLOSED BY END OF Q1 2027

Further company coverage: STERV.HE

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