Finnish forest industry group Stora Enso Oyj said on Wednesday (4 July) that it is investing EUR15m to upgrade board manufacturing at its Imatra mills in Finland to meet customers' developing quality requirements. The project is scheduled to start in July 2007 and be completed in September 2008. The company said that the annual production capacity of board machine 5 will increase from 240,000 to 250,000 tonnes of liquid packaging board (LPB). Stora Enso, headquartered in Helsinki, Finland, is an integrated paper, packaging and forest products company with 44,000 employees in more than 40 countries on five continents. The company is listed on the Nordic Exchange in Helsinki and Stockholm. One British pound (GBP) is worth approximately 1.48 euros (EUR).
Source: macroworldinvestor
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