Stora Enso to create 150 jobs
Finnish paper, packaging and forest products company Stora Enso is investing 43 million euros in a new production line for wooden building elements, located in Varkaus, Finland. The investment is expected to create 150 jobs in the region.
Production is scheduled to begin in the second quarter of 2016. The estimated yearly capacity of the production line will be around 100 000 m3. The investment is expected to generate annual sales of 50 million euros when run at full capacity.
“This investment is part of Stora Enso’s transformation to a customer-focused renewable materials company,” says Jari Suominen, EVP, head of Stora Enso’s wood products.
“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.”
Stora Enso already provides high quality engineered wooden elements. The new products complement the existing product portfolio.
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