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Note 30 Principal subsidiaries and joint operations
The following is a list of the Company’s fifty principal operating subsidiary undertakings ranked by external sales. These companies along with the parent account for 98% (98%) of group external sales. The principal country in which each subsidiary operates is the country of incorporation. The group’s effective interest in the undertakings is 100% except where indicated, and is held in each case by a subsidiary undertaking except for those companies marked with “+” which are held directly by the Parent Company. Subsidiaries operating outside the euro area are indicated by “◊”.
Subsidiary companies (Ranked by external sales)
Country Sales % Consumer Board Packaging Solutions Biomaterials Wood Products Paper Other
Stora Enso Oyj Finland 31.08
Stora Enso Paper AB Sweden 8.45
Stora Enso Skoghall AB Sweden 6.46
Stora Enso Fors AB Sweden 3.64
Stora Enso Amsterdam B.V. Netherlands 3.28
Stora Enso Skog AB Sweden 3.25
Stora Enso Wood Products GmbH Austria 2.78
Stora Enso Poland S.A. +/◊ Poland 2.58
Stora Enso Publication Papers Oy Ltd + Finland 2.48
Stora Enso Maxau GmbH Germany 2.39
Stora Enso Langerbrugge NV + Belgium 2.30
Stora Enso Ingerois Oy + Finland 2.13
Stora Enso Pulp AB Sweden 2.08
Stora Enso Kabel GmbH & Co. KG1 Germany 1.95
Sydved AB (66.7%) Sweden 1.69
Stora Enso Wood Products Oy Ltd + Finland 1.49
Puumerkki Oy Finland 1.46
Stora Enso Sachsen GmbH Germany 1.40
Stora Enso Timber AB Sweden 1.30
Stora Enso Eesti AS + Estonia 1.24
OOO Stora Enso Packaging BB Russia 1.06
Stora Enso Wood Products Zdirec s.r.o. Czech Republic 1.00
Stora Enso Narew Sp.z.o.o. +/◊ Poland 0.97
Stora Enso Australia Pty Ltd Australia 0.93
Stora Enso Packaging AB Sweden 0.93
Stora Enso WP Bad St. Leonhard GmbH Austria 0.86
Stora Enso Packaging Oy + Finland 0.83
Stora Enso Timber Deutschland GmbH Germany 0.71
Stora Enso Bioenergi AB Sweden 0.66
Stora Enso Huatai (Shandong) Paper Co Ltd (60%) China 0.59
Stora Enso Wood Products d.o.o. Koper Slovenia 0.53
Stora Enso Inpac Packaging Co. Ltd (90%) China 0.51
Stora Enso Suzhou Paper Co Ltd (97.9%)1 China 0.51
Stora Enso (Guangxi) Packaging Company Ltd (80.1%) China 0.50
Stora Enso Wood Products Planá s.r.o. Czech Republic 0.46
Stora Enso (Guangxi) Forestry Company Ltd. (80.1%) China 0.43
AS Stora Enso Latvija Latvia 0.37
Dongguan Stora Enso Inpac Packaging Co. Ltd (90%) China 0.35
Stora Enso Bois SAS France 0.34
Stora Enso Paper GmbH + Germany 0.32
UAB Stora Enso Lietuva Lithuania 0.29
Stora Enso Timber UK Ltd UK 0.25
Guangxi Stora Enso Forestry Co Ltd (89.5%) China 0.22
Stora Enso Timber DIY Products B.V. Netherlands 0.22
Stora Enso Wood Products Sp.z.o.o. Poland 0.21
Stora Enso Packaging SIA Latvia 0.17
VLAR Papier NV (65%) Belgium 0.17
Stora Enso Packaging UAB Lithuania 0.16
Stora Enso North American Sales, Inc. +/◊ USA 0.16
DanFiber A/S (51%) Denmark 0.15
Puumerkki AS Estonia 0.15
1 Business operations of Stora Enso Kabel GmbH & Co. KG in Germany and Stora Enso Suzhou Paper Co Ltd in China were divested during 2016.
The following is a list of the Company’s joint operations. The Company holds a 50% interest in joint operations and they are consolidated into the group’s financial statements. The countries operating outside the euro area are indicated by “◊”. Sales of the joint operations occur via subsidiaries.
Joint operations
Country Consumer Board Packaging Solutions Biomaterials Wood Products Paper Other
Montes del Plata (50%) Uruguay
Veracel Celulose SA (50%) Brazil

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