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Events after the balance sheet date
In January 2017, Stora Enso announced that it reconsiders the plans to build a chemical pulp mill in Beihai, China, and has initiated a process with the Government of Guangxi with the target to remove the authorisation for the hardwood chemical pulp mill from its investment permit. The Memorandum of Understanding has been signed.
In January 2017, Stora Enso announced that it is investing a total of EUR 9.1 million into its consumer board mills in Imatra and Ingerois, Finland, and Fors, Sweden, to continue the commercialisation of microfibrillated cellulose (MFC) and to accelerate product development.
In January 2017, Stora Enso announced that it will invest EUR 12 million to build a new production line manufacturing biocomposite granules with an annual capacity of approximately 15 000 tonnes at Hylte Mill in Sweden. Production is scheduled to begin during the first quarter of 2018.
Stora Enso has divested on 2 January 2017 its 100% shareholding in its Finnish subsidiary Formeca Oy, a provider of high-quality machines for automated packaging lines, to Amitec Oy, a specialised engineering and machine construction company based in Finland.