Announced about a month ago (and flagged now by the Bookseller), Finland’s forestry and packaging giant Stora Enso announced plans for “a possible divestment” of four paper mills across Europe (in Finland, Sweden and Germany), retaining just one mill in Belgium that produces magazine paper as they focus on packaging and other products. The entire paper division had sales of 1.7 billion euros in 2021. The company said “paper is not a strategic growth area for the Group.” Despite strong demand and growing prices, Inderes analyst Antti Viljakainen told Reuters, “On the operating profit level, 2020 and 2021 have been […]
