Stora Enso Oyj is a Finnish - Swedish timber company, one of the largest in the world. Headquarters - in the capital of Finland, Helsinki .
| Stora Enso Oyj | |
|---|---|
 | |
| Type of | Joint Stock Company , Oyj |
| Exchange listing | HEX : STE |
| Base | 1998 |
| Location |  Finland : Helsinki |
| Key figures | Klaes Dalbeck (Chairman of the Board of Directors) Yoko Karvinen (CEO) |
| Industry | Forest industry |
| Products | Paper , pulp , wood products |
| Turnover | ▼ 11.03 billion euros (2008) |
| Net profit | 589.2 million euros (2006) |
| Number of employees | 27200 (2014) |
| Site | www.storaenso.com |
History
It was founded in 1998 by the merger of the Swedish mining and timber company Stora and the Finnish timber company Enso-Gutzeit Oy .
Stora was the oldest corporation (limited liability company) on Earth: as early as 1347, this company, then called Stora Kopparberg, received a privilege (diploma) from King of Sweden Magnus Ericsson for the extraction of copper ore in the Falun Mines ( English ). The earliest document attesting to the existence of this company dates back to 1288. [one]
In 2013, in order to save money (up to 200 million euros per year), the company adopted a program to reduce 2,500 jobs, of which 650 in Finland. 750 people will be laid off at Swedish enterprises, 850 in Europe and 250 workers outside Europe. [2]
Owners and management
The main owner of the company’s shares is the Finnish government (12%), another 24% is owned by Finnish and Swedish institutional investors, 12.8% is owned by ADR owners. [3]
The chairman of the board is Claes Dahlbäck [4] . General Manager - Jouko Karvinen ( Jouko Karvinen [5] ).
Activities
The company specializes in the production of various grades of paper , pulp , wood products.
The company employs 46.1 thousand people. In the nine months of 2006, Stora Enso produced 10.96 million tons of paper and paperboard, as well as 4.9 million m³ of sawmill products. Revenues for this period amounted to 10.86 billion euros ($ 13.77 billion), net profit - 324.4 million euros ($ 411.33 million). For the entire 2006, revenue amounted to 14.6 billion euros ($ 19.3 billion), net profit - 589.2 million euros ($ 781.1 million). [3]
In 2000, the concern acquired the American company Consolidated Papers, which turned out to be unprofitable. Stora Enso invested in the development of an American company and then sold it. Losses from the transaction amounted to several billion euros [6] .
The biodegradable paper coating, developed by the company in 2014 together with the State Technical Research Center (VTT) and the Research Center for Agriculture and Food (MTT), may soon replace black polyethylene film on vegetable beds [7] .
In 2012-2014, the concern plans to invest 1.6 billion euros in the construction of a cardboard and pulp mill in Beihai in southern China, which will be the largest industrial investment in the history of Finland [8] and Finnish-Chinese relations .
Stora Enso in Russia
In Russia, the company owns paper packaging factories in Arzamas ( Nizhny Novgorod region ), Balabanovo ( Kaluga region ) and Lukhovitsy ( Moscow region ), sawmills in the villages of Nebolchi ( Novgorod region ) and Impilahti ( Republic of Karelia ).
Also, Stora Enso planned to build a large pulp and paper mill in the Russian Federation with a capacity of 1 million tons of pulp and 500 thousand tons of coated paper per year. As the location of production was considered Dzerzhinsk ( Nizhny Novgorod region ). The project cost was expected to be about 1.5 billion euros. [3] [9] Currently (as of the beginning of 2010), Stora Enso has postponed the implementation of the project due to the unfavorable economic situation in the world [10] .
Notes
- ↑ Please update your bookmark | Stora Enso Archived January 3, 2007.
- ↑ Stora Enso will lay off 650 employees in Finland // © Yle Uutiset = Yle News Service. = Website of the television and radio company Yleisradio Oy (yle.fi) June 18, 2013. (Retrieved June 19, 2013)
- ↑ 1 2 3 Ekaterina Chichurina . Billions on coated paper Archived on October 28, 2007. // Vedomosti, No. 202 (1976), October 25, 2007
- ↑ Archived copy (inaccessible link) . Date of treatment August 9, 2009. Archived February 26, 2011. Biography of Claes Dalbek
- ↑ http://www.storaenso.com/investors/governance/management/get-members/Pages/management.aspx Archived January 7, 2009 on Wayback Machine Biography Jouko Carvinen
- ↑ Stora Enso: This is a small human error // © Yle Uutiset = Yle News Service. = Website of the television and radio company Yleisradio Oy (yle.fi) March 19, 2012. (Retrieved March 19, 2012)
- ↑ S Soon vegetable beds can be covered with paper instead of black polyethylene // © Yle Uutiset = Yle News Service. = Website of the television and radio company Yleisradio Oy (yle.fi) July 7, 2014. (Retrieved July 7, 2014)
- ↑ Stora Enso will invest billions in the Chinese economy - will build a cardboard and pulp mill in Beihai // © Yle Uutiset = Yle News Service. = Website of the television and radio company Yleisradio Oy (yle.fi) October 7, 2013. (Retrieved October 11, 2013)
- ↑ Anatoly Temkin, Ekaterina Chichurina . Stora Enso will spend 500 million euros // Vedomosti, No. 18 (1792), February 2, 2007
- ↑ Stora Enso Press Release 02/13/2009 Archived February 20, 2009.