Stora Enso plans consolidation of corrugated packaging production in Finland

Stora Enso plans to consolidate manufacturing of corrugated packaging in Finland
to its Lahti plant. The objective is to improve profitability and
competitiveness by creating a centre of excellence for corrugated packaging in
Lahti.

As part of the possible consolidation, Stora Enso would invest approximately EUR
19 million in new machinery and supporting infrastructure in Lahti, where the
most important individual investment item is a new corrugator. The proposed
project is planned to start in November 2016 and is expected to be finalised by
the end of the first quarter 2018.

According to the plan, the Heinola Corrugated plant would be closed permanently
and packaging manufacturing transferred to the Lahti plant. Co-determination
negotiations will start within Lahti and Heinola corrugated plants.

“The plan to potentially consolidate our corrugated operations in Finland is
largely driven by the need to improve profitability and strengthen our
competitive edge. In addition to the planned investment, our strong
infrastructure in Lahti would provide us with a world-class asset base to better
serve our customers,” says Peter Torstensson, SVP and Head of Corrugated
Nordics, Division Packaging Solutions.

The possible personnel reduction within the corrugated plants in Lahti and
Heinola combined is about 60 persons. Decisions regarding the planned
consolidation, closure and employee reduction will be taken after the co
-determination negotiations have been concluded. The corrugated packaging
production at the Kristiinankaupunki plant will be continued. The Heinola
Fluting mill for containerboard will not be affected.

The plan will have a negative impact of approximately EUR 9 million which will
be recorded as an item affecting comparability (IAC) in Stora Enso’s third
quarter 2016 results.

For further information, please contact:
Carl Norell, SVP Communications, Stora Enso’s Packaging Solutions division, tel.
+46 722 410 349

Stora Enso is a leading provider of renewable solutions in packaging,
biomaterials, wooden constructions and paper on global markets. Our aim is to
replace fossil based materials by innovating and developing new products and
services based on wood and other renewable materials. We employ some 26 000
people in more than 35 countries, and our sales in 2015 were EUR 10.0 billion.
Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq
Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs
(SEOAY) on the International OTCQX over-the-counter market.
storaenso.com (http://www.storaenso.com/)


STORA ENSO OYJ
For further information, please contact:
Carl Norell
SVP Communications
Stora Enso’s Packaging Solutions division
tel. +46 722 410 349