| Your personal background. |
|---|
HELSINKI, Dec 16 (Reuters) - Finnish forestry company Stora Enso
on Friday said it plans to divest its consumer board production plant in Beihai,
China.
 "The divestment ... would allow Stora Enso to accelerate its strategy by focusing on cost-efficient sites serving the growing global packaging market," the company said,
adding it had no timeline for completion of a sale.
Stora, which has now initiated a sales process, would also sell its eucalyptus plantation operations that supply the site,
it said.
 Operating since 2016, the Beihai factory employs 1,000 people and has an annual capacity
of 250,000 tonnes of mechanical pulp and 550,000 tonnes of
consumer board.
 J.P.
Morgan acts as Stora's financial advisor in the sales process.
(Reporting by Essi Lehto, editing by Stine Jacobsen)
Feel free to surf to my web page - Bostadsportal |
| Your feedback on this profile |
|---|
| Recommend this profile for User of the Day: |
I like this profile |
| Alert administrators to an offensive profile: |
I do not like this profile |
|
| Account data |
View |
| Team |
None |
|
