Stora Enso is continuing to implement its Wood Products Business Area’s strategy to improve profitability by constructing a new combined heat and power (CHP) plant at Zdírec Sawmill in the Czech Republic. The EUR 21 million investment will optimise energy production and usage at the mill by boosting its heat supply.
“Zdírec is one of our core sawmills including value-added engineering wood products, such as solid construction timber (KVH). It is in a competitive location, and this investment is a logical step in further upgrading the mill with sustainable energy sourcing. The production and sale of renewable energy to local electricity suppliers will also improve the mill’s profitability,” says Hannu Kasurinen, EVP, Stora Enso Wood Products.
The project will commence in the third quarter of 2011 and is scheduled to be completed in the first quarter of 2013. The new CHP plant will utilise by-products from production as fuel, and when completed it will ensure 100% self-sufficiency for the mill in steam and electricity.
For further information, please contact:
Hannu Kasurinen, EVP, Stora Enso Wood Products, tel. +358 2046 21222
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242
Päivi Kauhanen, Communications Director, tel. +358 2046 21292
Stora Enso is the global rethinker of the packaging, paper and wood products industry. We always rethink the old and expand to the new to offer our customers innovative solutions based on renewable materials. Stora Enso employs some 26 000 people worldwide, and our sales in 2010 amounted to EUR 10.3 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) in the International OTCQX over-the-counter market.
STORA ENSO OYJ