- Business
- Stora Enso Oyj, a leading Finnish-Swedish renewable materials company founded in 1998 through the merger of Stora AB and Enso Oyj and headquartered in Helsinki, Finland, with additional headquarters in Stockholm, Sweden, produces and markets wood-based products for packaging, biomaterials, wooden construction, and paper industries worldwide, primarily in Europe, Asia, and South America. The company offers renewable solutions including packaging materials such as liquid packaging board, consumer boards, and coated unbleached kraft for food, beverages, and graphical uses; biomaterials encompassing pulp, lignin like Lineo for adhesives, and biochemical extracts from biomass; wood products for construction such as cross-laminated timber and sawn wood; packaging solutions featuring corrugated fiberboard, folding boxboards, and complete packaging systems; and paper for printing and office applications, supported by wood sourcing from its extensive private forests in the Nordics and Baltic regions. Stora Enso operates through segments like Packaging Materials, Biomaterials, Wood Products, Forest, Packaging Solutions, and Paper, serving sectors including retail, e-commerce, building, food, pharmaceuticals, and manufacturing with sustainable, recyclable alternatives to fossil-based materials. In recent developments, Stora Enso completed the acquisition of Finnish sawmill company Junnikkala Oy in 2025 to bolster wood products capacity; divested approximately 175,000 hectares of Swedish forest land for EUR 900 million; announced in November 2025 plans for a statutory partial demerger to spin off its Swedish forest assets into a new publicly listed pure-play forest company by mid-2027, accompanied by an 18-year wood supply agreement; ramped up the consumer board production line at its Oulu mill to meet demand for renewable packaging; and introduced a new leaner organizational structure with seven profit-and-loss responsible business areas alongside updated financial reporting effective January 2026, reflecting a sharpened focus on core renewable materials and packaging growth.