DONGYING, Shandong, China /Xinhua-PRNewswire/ -- Stora Enso’s Russian subsidiary Stora Enso Packaging BB on June 25 inaugurated its new corrugated board plant at Lukhovitsy, some 130 kilometres southeast of Moscow.
“Demand for high-quality corrugated packaging is growing in Russia, and this investment continues the development of Stora Enso’s corrugated board production there. Stora Enso’s first industrial investment in Russia was the packaging plant at Balabanovo, some 100 kilometres southwest of Moscow, which was inaugurated in 1998. This year its production range will be broadened to include high-quality consumer packaging. Our second corrugated board plant in Russia started operations at Arzamas in Nizhny Novgorod Region in 2004”, said Veli-Jussi Potka, Executive Vice President, Industrial Packaging, at the ceremony inaugurating the Lukhovitsy plant.
The annual production capacity of the plant will be 150 million sqm of corrugated packaging board. The new plant, costing EUR 53 million, will mainly serve the Moscow area, which is one of the fastest-growing markets for corrugated packaging board in Russia. It will employ approximately 200 local people.
Stora Enso Packaging’s corrugated board plants in Russia have over 600 employees and produced more that 300 million m2 of corrugated board in 2007.
About Stora Enso
Stora Enso is an integrated paper, packaging and forest products company producing newsprint and book paper, magazine paper, fine paper, consumer board, industrial packaging and wood products. Stora Enso’s sales totalled EUR 13.4 billion in 2007. The Group has some 38 000 employees in more than 40 countries on five continents. Stora Enso has an annual production capacity of 13.1 million tonnes of paper and board and 7.5 million cubic metres of sawn wood products, including 3.2 million cubic metres of value-added products. Stora Enso’s shares are listed in Helsinki and Stockholm.
