Stora Enso intends
to build a 400,000 metric tons per year newsprint/SC paper machine using
recovered paper as raw material. The mill will be built in Belgium.
Construction is expected to be completed by the end of next year. The project
is estimated to cost slightly more than $400 million.
The company also
announced plans to permanently close two machines with a combined capacity of
230,000 metric tons per year. The machines slated to be closed are located in
Belgium and Finland. Additionally, Stora Enso will be closing a coating machine
in Sweden. The two paper machines will be closed when the new machine goes on
line.
The company cited
its plan to eliminate non-profitable machines, as well as improve the overall
competitiveness of the company.
The company
expects to pull most of the recovered fiber to feed the new machine from within
a 300 mile radius of the mill.
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