The multi-national paper company Stora Enso, based in Helsinki, Finland, has announced plans to restructure its core and coreboard operations in Finland, Germany, the U.K. and the United States. The company also has announced plans to streamline its corrugated packaging production in Finland.
The company cited decreased demand for its paper mill cores as a key reason for the restructuring. Mats Nordlander, executive vice president, Stora Enso Packaging Business, says. "Decreased demand for paper mill cores in mature markets has made the market situation tighter and in the current financial situation the outlook is uncertain.
“Corrugated packaging markets are very local and closely related to national economies. In Finland, demand is still clearly below pre-crisis levels, and there are no signs of sustained recovery. The planned restructuring and streamlining measures, including some development investments, will enable us to better meet customer and market expectations and ensure our competitiveness by being more cost efficient and streamlining our operations,” Nordlander says.
More information is available at www.storaenso.com.
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