Stora Enso Oyj (SEOAY: OTC Link) | Stora Enso signs EUR 150 million loan agreement


Stora Enso signs EUR 150 million loan agreement

Dec 22, 2011

OTC Disclosure News Service

Helsinki, Finland –

Stora Enso signs EUR 150 million loan agreement


Stora Enso has signed an agreement with the European Investment Bank (EIB) for a EUR 150 million loan to be used for the new container board machine investment project at Ostrołęka Mill in Poland. The loan matures in 2023.

“Our co-operation with EIB is good and we are delighted with EIB’s continuing support for our strategically important investments. The investment at Ostrołęka will strengthen our competitive position in corrugated packaging in the growing markets of Central and Eastern Europe, and is one more step in building sustainable and profitable growth for the Group. The new container board machine with a modern product and greater capacity than the machine it replaces will not only renew our product offering, it will also improve our overall cost position through efficient internal supply of light-weight containerboard made from recycled fibre,” says Mats Nordlander, Executive Vice President, Packaging Business Area.

The main items for the Ostrołęka project have been procured and construction work is progressing as planned. The EUR 285 million container board machine investment project at Ostrołęka is scheduled to be completed in the first quarter of 2013, as announced on 11 January 2011.

For further information, please contact:
Jyrki Tammivuori, SVP, Group Treasurer, tel. +358 2046 21043

Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242

Stora Enso is the global rethinker of the packaging, paper and wood products industry. We always rethink the old and expand to the new to offer our customers innovative solutions based on renewable materials. Stora Enso employs some 30 000 people worldwide, and our sales in 2010 amounted to EUR 10.3 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) in the International OTCQX over-the-counter market.


The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

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