- Business
- Stora Enso Oyj, headquartered in Helsinki, Finland, and with additional offices in Stockholm, Sweden, operates as a leading global provider of renewable materials, founded in 1998 through the merger of Finnish Enso Oyj and Swedish Stora Kopparbergs Bergslags Aktiebolag. The company produces packaging materials including consumer boards for liquid, food service, dry food, cosmetics, and graphical applications; biomaterials such as pulp and biochemical extracts from wood and biomass; wood products for construction and industrial uses; and wooden construction solutions, serving industries like building, retail, food and beverages, manufacturing, publishing, pharmaceuticals, hygiene, and textiles. Stora Enso maintains significant operations across Europe, Asia including China and India, and Latin America with key pulp facilities in Uruguay and Brazil, and ranks as one of the world's largest private forest owners. In recent developments, Stora Enso completed the acquisition of Finnish sawmill company Junnikkala Oy in 2025 for up to EUR 137 million, enhancing its sawmilling capacity by 700,000 cubic meters annually and timber procurement in Finland; announced plans in November 2025 to demerge its Swedish forest assets into a new publicly listed Swedish company via partial cross-border demerger, supported by major shareholders and including a long-term 18-year wood supply agreement; and introduced a new financial reporting structure effective January 2026 aligned with its streamlined operations.