Stora Enso drops out of Chinese project.
STORA ENSO
Stora Enso Oyj (NYSE: SEO, ) is a Finnish–Swedish pulp and paper manufacturer, formed by the merger of Swedish mining and forestry products company Stora and Finnish forestry products company Enso-Gutzeit Oy in 1998.
DROPS OUT OF CHINESE Chinese, subfamily of the Sino-Tibetan family of languages (see Sino-Tibetan languages), which is also sometimes grouped with the Tai, or Thai, languages in a Sinitic subfamily of the Sino-Tibetan language stock. PROJECT. Stora Enso Oy, Helsinki, has withdrawn from a previously announced Chinese consumer board production project. A letter of intent to start a joint venture with Chinese Foshan Huaxin Packaging Co., Ltd. was signed in August 2005. Stora Enso withdrew after the due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. process revealed the project would not meet the profitability expectations because technical modification of the machine would be more challenging than initially estimated.
COPYRIGHT 2006 Paper Industry Management Association
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion