Stora Enso (SE).
Stora Enso (SE), Helsinki, Finland, plans to make major changes in its North American operations to improve operational and financial performance in response to poor market conditions for its main products in North America. Approximately 500 jobs will be eliminated.Capital investments include:
* Rebuilding of paper machines at Wisconsin Rapids (PM16), Kimberly (PMs 96 and 97) and Biron (PM26)
* Modifications to paper machines at Niagara (PMs 43 and 44) and Whiting (PM64)
* Expansion of the thermomechanical pulp line at Port Hawkesbury, subject to cost objectives being met
Permanent shutdowns include:
* PM12 at Wisconsin Rapids to be shut down by the end of 2002
* Shutdown of PM24 at Biron by the end of 2003, dependent on market conditions
* Shutdown of groundwood and high-yield pulp operation at Port Hawkesbury
* Closure of the groundwood pulp mill at Kimberly by the end of 2002.
In other SE news:
The company said it has been informed by the European Commission (EC) that the EC has terminated its investigation in the competition case related to newsprint producers' operations. In 1999, a European Union Statement of Objection alleged that there had been a newsprint price cartel in the period 1989 to 1995. The case is now closed.
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| Title Annotation: | Industry News |
|---|---|
| Publication: | Solutions - for People, Processes and Paper |
| Date: | Oct 1, 2002 |
| Words: | 200 |
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