Finland-based pulp and paper manufacturer Stora Enso is planning to complete its investments in various assets by 2019.
The company is investing €31m a new polyethylene (PE) coating line in the new consumer board mill in Beihai, China. Stora Enso intends to complete the investment by the third quarter of this year.
The firm is also investing around €70m in a new polyethylene (PE) extrusion coating plant, as well as an automated roll warehouse (ARW) at Imatra mills in Finland. The investment is expected to complete in early fourth quarter of this year.
Stora Enso is also investing up to €16m in a new chemical facility at the consumer board mill in Skoghall of Sweden. It is expected to be completed by the end of this year.
The firm is also investing €16m in Skutskär mill of Sweden, which is expected to be completed by the end of this year.
Stora Enso is investing up to €9.1m in the consumer board mills in Imatra and Ingerois of Finland and Fors of Sweden, as part of its efforts to support the commercialisation of microfibrillated cellulose (MFC).
In 2018, Stora Enso will invest €12m to develop a new production line at Hylte Mill in Sweden, which will produce biocomposite granules. It is expected to be operational during the first quarter of 2018.
Stora Enso’s will completely shut down corrugated packaging facility in Heinola and will shift the operations to the Lahti plant.
The company will invest around €19m to purchase new machinery and improve infrastructure in Lahti facility. It is expected to complete by the end of the first quarter 2018.
Stora Enso will invest about €26.5m in Skutskär pulp mill that is expected to complete during the second quarter of 2018, as well as €28m at the Heinola Fluting mill that is slated to complete in the second quarter of 2018.
In 2019, Stora Enso is planning to invest around €45m in a new production unit for cross laminated timber (CLT), which is related with the Gruvön Mill in Sweden. It is expected to be operational during the first quarter of 2019.