Stora Enso, a Finnish company, is investing EUR 16 million in a new chemical plant at its consumer board mill in Skoghall, Sweden. The investment aims to improve the environmental performance of the mill by reducing sulfur emissions. The project is expected to be completed by the end of 2017. This investment is part of Stora Enso's efforts to transform into a company with renewable materials growth. In total, the company plans to invest EUR 31 million in 2016 as part of its capital expenditure forecast.
Helsinki, Finland - Stora Enso announces that the company is investing EUR 16 million in a new chemical plant at the consumer board mill in Skoghall, Sweden, to further improve the environmental performance of the mill. The investment is expected to be completed by the end of 2017. The work will improve the environmental performance by reducing sulfur emissions of its mill in Skutskär, Sweden.
The investments will further enhance Stora Enso’s transformation into a company with renewable materials growth, measured and accredited globally. EUR 31 million of these investments are part of the group’s 2016 capital expenditure forecast, which amount to EUR 680–720 million.