Stora Enso Shuts Down Coated Magazine Paper Machine in Finland

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Stora Enso, Helsinki, Finland, plans to permanently shut down paper machine 1 (PM 1) at its Veitsiluoto Mill in Finland, due to structural weakening of magazine paper demand in Europe. Co-determination negotiations with employees at the mill have now concluded and PM 1 will be permanently shut down by the end of this month. The shutdown will affect 88 employees.

PM 1 has an annual capacity of 190,000 metric tons of coated magazine paper. The shutdown will decrease Stora Enso’s coated mechanical paper capacity by about 15%, which represents about 2% of total European coated mechanical paper capacity. Stora Enso will be able to serve its NovaPress customers from Veitsiluoto Mill PM 5 and from the Kabel Mill in Germany.

Stora Enso says it will make every effort in cooperation with the local community to help affected personnel find new employment opportunities, and all job openings in other Stora Enso units will be available to those affected.

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