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Stora Enso 

“Market Cap $8.52 B As of May 2014

At a Glance
  • Industry: Paper & Paper Products
  • Founded: 1996
  • Country: Finland
  • CEO: Juoko Karvinen
  • Website: www.storaenso.com
  • Employees: 27,985
  • Sales: $14 B
  • Headquarters: Helsinki
Forbes Lists

#1081 Global 2000

  • #683 in Sales
  • #1162 in Assets
  • #1257 in Market value
Profile

Stora Enso Oyj is engaged in the manufacture and marketing of newsprint, book paper, magazine paper, fine paper, consumer board, industrial packaging and wood products. Its products provide a climate-friendly alternative to many products made from competing non-renewable materials, and have a smaller carbon footprint. The company was founded 1998 and is headquartered in Helsinki, Finland.

“Stora Enso History

Stora Enso was formed by the merger of Swedish mining and forestry products company Stora and Finnish forestry products company Enso-Gutzeit Oy in 1998. In line with this, Stora Enso expanded its operations by acquiring wood products businesses and bought paper merchant businesses in Europe. In 2000 the company bought Consolidated Papers in North America. Stora Enso also slowly expanded its operations in South America, Asia and Russia.

In recent years the company has gone through heavy restructuring. The North American operations were divested in 2007 to NewPage Corporation. Stora Enso has sold and closed down some of its mills in Finland, Sweden and Germany.

In September 2012, Stora Enso signed an agreement with Packages Ltd., the largest packaging company of Pakistan, to set up a joint venture named Bulleh Shah Packaging (Pvt.) Ltd. at Kasur, Pakistan.”

*Information from Forbes.com and Wikipedia.org

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