Stora Enso does not continue sales process for Chinese Beihai board mill
News General news
Stora Enso has decided not to pursue the sale process for the Beihai production site and related forestry activities announced in December 2022.
The Finnish Group believes that the value of using the site itself exceeds the transaction value to be achieved and has therefore decided to keep these activities within the Group.
Stora Enso's strategic goal is to expand its position in the market for fiber-based packaging. The Beihai plant is to be strengthened through cost optimization and the development of additional products. By increasing the proportion of liquid packaging board and adding high-quality grades, the Chinese plant will strengthen Stora Enso's position as a global supplier.
Beihai's portfolio complements the Group's other production sites for liquid packaging board in Imatra, Finland, and Skoghall, Sweden.
