New Forestry division in the making

Article by Ulrike Knaus, translated by Susanne Höfler | 19.09.2019 - 10:38

The main focus of this day is on recently purchased forest area in Sweden and setting up a new forestry division. The business division Wood Products will also be presented, including a visit to the new CLT factory in Gruvön/SE. Stora Enso is to publish a report on profits and operating capital for the new corporate division Forestry as well as an investment prognosis of the group for 2020.

As a major player in the bioeconomy, access to wood is critical for us. Taking forest assets under direct ownership gives us more flexibility to optimize our wood supply and operations.

Karl-Henrik Sundström, CEO of Stora Enso

Stora Enso has forest assets worth more than €4.1 bn. (land and biological assets). In Sweden alone, this translates to a forest area of 1.4 million hectares 1 million hectare of which is productive forest land with a standing stock of 143 sm³.