HELSINKI, May 26 /Xinhua-PRNewswire/ -- Stora Enso has decided to commence a feasibility study for an integrated pulp and paper mill in the Nizhny Novgorod region in Russia, as the findings of the recently completed pre-feasibility study begun in July 2007 supported continuation of the process at this point. The feasibility study, which is expected to be completed by April 2009, will evaluate the profitability of the project to manufacture paper for Russian consumers from Russian wood in Russia.
If the results of the feasibility study are favourable, preconditions are met and the necessary permits are obtained, the Stora Enso Board of Directors then considers the final decision on implementation.
Previous press releases concerning Stora Enso’s recent major projects in Russia are available at http://www.storaenso.com/press
-- 17 July 2007: Stora Enso starts pre-feasibility study for a world-class
pulp and paper mill in Russia
-- 20 December 2007: Stora Enso signs letter of intent concerning possible
pulp and paper mill in Russia
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.
