Stora Enso has completed the divestment of its Maxau paper production site in Germany, and all related assets to Schwarz Produktion, part of Schwarz Group. The divestment announced on 13 September 2022 was completed today after regulatory approvals. The enterprise value of the transaction is approximately EUR 210 million. The transaction will reduce Stora …
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De Jong Packaging Group, one of the largest corrugated manufacturers in the Benelux, is now officially part of Stora Enso. This acquisition will advance Stora Enso’s strategic direction, accelerate revenue growth and build market share in renewable packaging in Europe. The acquisition of De Jong Packaging Group will begin a new phase of renewable …
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The Cup Collective, a programme founded by Stora Enso and Huhtamaki to capture the value of used paper cups through recycling at an industrial scale, has welcomed its first partners. The new partners include McDonald’s, SSP – The Food Travel Experts, C2 Centre, and the National Railway Company of Belgium (SNCB), all further supporting …
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One of Europe’s leading take-away salad bar company Picadeli has replaced their single-use plastics lid with a formed fiber lid. The new lid is plastic-free, PFAS-free, renewable, recyclable, biodegradable and saves about 120 tonnes of plastic waste annually. Picadeli has 2,300 salad bars throughout Europe and the USA. With a strong focus on sustainability …
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Huhtamaki and Stora Enso have joined forces to launch a new paper cup recycling initiative, The Cup Collective. The programme, which is the first of its kind in Europe, aims to recycle and capture the value of used paper cups on an industrial scale. Initially the programme will be implemented across the Benelux. With …
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Stora Enso has announced to acquire Netherlands-based De Jong Packaging Group, for an enterprise value of approximately EUR 1,020 million. This acquisition will advance Stora Enso’s strategic direction, accelerate revenue growth and build market share in renewable packaging in Europe. De Jong Packaging Group is one of the largest corrugated packaging producers in the …
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Stora Enso and Tetra Pak have partnered to examine a shared beverage carton recycling solution to meet the growing recycling need in Benelux (an economic union comprising three neighbouring monarchies: Belgium, the Netherlands, and Luxembourg). The joint feasibility study includes a plan for a comprehensive beverage carton recycling facility at Stora Enso’s Langerbrugge site …
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By adopting a regenerative stance, Stora Enso is shifting its sustainability goals from minimising negative environmental impact to becoming a net positive1 contributor within the defined focus areas of climate, circularity and biodiversity by 2050. Being regenerative means providing renewable and fully circular products and solutions that help reduce climate impact and support biodiversity …
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Stora Enso has divested three of its corrugated packaging plants in Russia. The company’s Lukhovitsy, Arzamas and Balabanovo packaging plants have been divested to local management. Stora Enso’s assessment is that due to the uncertainties in the Russian market, local ownership and operation will provide a more sustainable long-term solution for these businesses and …
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Stora Enso has initiated a project to certify all their paper pulp grades as compostable. This means that Stora Enso’s paper pulp grades must fulfill specific compostability criteria according to EN 13432 standard; these are measured by an independent external party. To be considered compostable, a product has to degrade into water, carbon dioxide …
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