omniture

Stora Enso Found Not Guilty of Anticompetitive Conduct in the USA

2007-07-20 17:50 946


HELSINKI, Finland, July 20 /Xinhua-PRNewswire/ -- On 13 December 2006 the US Antitrust authorities announced that Stora Enso North America Corp. had been indicted for its alleged anticompetitive conduct in connection with the sale of coated magazine paper in the USA in 2002 and 2003.

On Thursday 19 July 2007, following a jury trial in the US Federal District Court in Hartford, Connecticut, the jury found Stora Enso not guilty of the charges.

Previous press releases concerning issues with the competition authorities in the USA are available at http://www.storaenso.com/press :

-- 14 December 2006: Stora Enso is charged with alleged

anticompetitive conduct in the USA

-- 25 May 2004: Competition authorities investigate Stora Enso premises

(updated)

-- 10 June 2004: Stora Enso takes action to respond to the competition

authority investigations

The Department of Justice press release is available on the Antitrust Division website at http://www.usdoj.gov/atr ; http://www.storaenso.com ; or http://www.storaenso.com/investors .

About Stora Enso

Stora Enso is an integrated paper, packaging and forest products company producing publication and fine paper, packaging board and wood products - all areas in which the Group is a global market leader. Stora Enso’s sales totalled EUR 14.6 billion in 2006. The Group has some 44 000 employees in more than 40 countries on five continents. Stora Enso has an annual production capacity of 16.5 million tonnes of paper and board and 7.4 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, Stockholm and New York.

Source: Stora Enso
Keywords: Machinery
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