1294930633.jpg

© Archiv

Boosting business in China

Article by Emanuella Libal-Zitzmann, translated by Robert Spannlang | 30.12.2015 - 11:22

Stora Enso is investing an estimated € 46 million in packaging plant

Back
1294930633.jpg

© Archiv

Stora Enso increased equity at its Chinese subsidiary Stora Enso Packaging Inpac. The cash input amounts to € 46 million. The transaction is subject to approval by the Chinese authorities with completion scheduled for the first quarter.

The investment is intended to boost the group's business on the Chinese market. Stora Enso Inpac produces fiber-based packaging and has several locations in China. The investment will have no impact on the operating result, according to Stora Enso.
Back

Related articles

germany

Decreases in pallet imports and exports

In January and February, Germany imported 6.7 million pallets, i.e. 31% fewer than last year. In exports, a decrease of 15% was recorded, which brought the total number down to 4.1 million pallets. Read more ...

germany

German chipboard exports up by 25%

In the first two months of 2024, German exports of chipboards and OSB increased by 25% year on year. Read more ...

europe

Parquet industry expects stability in 2024

The European markets have likely reached the bottom for good and could slowly start to stabilize. Read more ...

italy

Italy imported more laminated timber from Austria

In January 2024, Italian imports of laminated timber grew by 9% year on year, to 56,000 m³. With a trade volume of 49,000 m³, Austria accounted for 88% of Italy’s total imports. Read more ...