Stora Enso is investing EUR 137 million in building a new power plant at the Ostroleka Mill site in Poland. The power plant project is scheduled to start
immediately and to be completed in the third quarter of 2010.
- This investment supports Stora Enso's strategy of maintaining profitable growth in the rapidly growing Central and Eastern European market, especially in the corrugated packaging business in Poland and Russia. The new power plant will provide a competitive power supply meeting Stora Enso's long-term needs - says Veli-Jussi Potka, Executive Vice President of Stora Enso Industrial Packaging.
The new power plant, which will be able to use multiple fuels, will improve
Ostroleka Mill's energy self-sufficiency and energy efficiency, thereby reducing
carbon dioxide emissions. The aim is to increase the biofuel usage depending on
its availability. With the new power plant, the self-sufficiency will be about
65% in electricity and 100% in steam production. The power plant investment
announced today will further improve the cost competitiveness of Stora Enso's
operations in Poland. Ostroleka Mill does not currently have its own power
plant.
Stora Enso is an integrated paper, packaging and forest products company producing newsprint, magazine paper, fine paper, consumer board, industrial packaging and wood products.
Stora Enso`s sales totalled EUR 11.8 billion in 2007. The Group has some
36 000 employees in more than 40 countries on five continents. Stora Enso has an annual production capacity of 13.1 million tonnes of paper and board and 7.5 million cubic metres of sawn wood products.
