Consumables

Stora Enso to restart production at Sunila Pulp Mill

Monday 30. November 2009 - Stora Enso is restarting production at Sunila Pulp Mill in Finland.

The state of the pulp market has improved since the beginning of the summer.
However, uncertainties remain concerning trends in the market, the profitability
of Sunila Mill in the long term and the availability of reasonably priced wood
in Finland. Next spring Stora Enso will therefore reassess the option of
permanently closing down Sunila Pulp Mill.

Following the decision to restart production at Sunila Pulp Mill, Stora Enso is
releasing approximately EUR 10 million of restructuring provision recorded in
the third quarter of 2009. The amount released will be recorded as a positive
non-recurring item in the fourth quarter 2009 financial results.

“We are very aware that although the mill is being restarted, for the employees
uncertainty will persist, and we very much regret that. However, we think this
is on the whole the best alternative for our employees. We hope long-term
measures will soon be found to secure the viability of the forest products
industry in Finland and a lasting favourable solution concerning Russian wood
duties can be reached. Solutions to those issues could extend the economic life
of Sunila Mill,” says Juha Vanhainen, Country Manager, Finland.

Sunila Pulp Mill at Kotka has been temporarily shut down since April 2009. The
co-determination negotiations that commenced when the initial closure plans were
announced in August 2009 have concluded, and production at the mill is scheduled
to resume by the end of the year.