Stora Enso is planning a new multi-billion dollar project in China, a new integrated carton board mill in the Southern part of the country.
The total cost has not been disclosed, but is said to larger than the Stora Enso and Arauco joint mill project in Uruguay.
The carton board mill will be supplied by eucalyptus, planted by Stora Enso in the nearby Guanxi province already in 2004.
Jouko Karvinen, CEO of Stora Enso, is quoted as saying to the Swedish daily Dagens Industri, that the carton board mill has high priority on Stora Enso’s strategic agenda.
”The number of families in China, who starts consuming pre-packed food is increasing with some 25 percent per year. That’s why this investment is included in our strategic agenda. It’s obvious that we have invested quite a lot in our efforts to build up a fiber base there,“ Jouko Karvinen is quoted as saying.
