<B>Stora Enso Subsidiary Acquires Share in Canadian Firm</B>

Stora Enso's subsidiary Corenso United Oy Ltd purchased a 20 percent share in Crown Fibre Tube Inc., a Canadian core and tube manufacturer.

Crown Fibre has a mill near Halifax, Nova Scotia.

Next month Corenso will become responsible for the operations of the coreboard mill and core factory at Wisconsin Rapids that Stora Enso acquired through the Consolidated Papers acquisition.

Krister Rosenqvist-Packalen, currently managing director of Corenso France, will become General Manager of Corenso's operations in North America. He will be based in Wisconsin Rapids. He will report regionally to Aulis Ansaharju, head of the Stora Enso North America Fine Paper Division.

Corenso has 11 mills in Europe. UPM-Kymmene owns a 29 percent share in the company.

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December 2000
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