- Business
- Stora Enso Oyj, a leading renewable materials company in the forest products industry, develops and markets wood-based solutions for packaging, biomaterials, wooden construction, and paper; its core offerings include paperboard for dry and liquid food packaging and graphic printing from the Packaging Materials division, premium fiber-based packaging products and services for retail, e-commerce, and industrial sectors from Packaging Solutions, pulp and biochemical extracts from biomass in Biomaterials, sawn wood and construction materials in Wood Products, and publication and office papers from the Paper division, complemented by wood sourcing via the Forest division. The company, formed in 1998 from the merger of Swedish Stora AB and Finnish Enso Oyj, maintains dual headquarters in Helsinki, Finland, and Stockholm, Sweden, with primary operations across Europe including Finland, Sweden, Poland, Czech Republic, and Austria, alongside significant presence in Asia, South America, and the Baltic states. Stora Enso ranks among the world's largest private forest owners, serving industries such as building, food and beverages, manufacturing, publishing, pharmaceuticals, cosmetics, and textiles. In recent developments, Stora Enso completed the acquisition of Finnish sawmill company Junnikkala Oy in May 2025 for up to EUR 137 million to bolster wood procurement and integrate with its Oulu packaging board facility; announced in November 2025 plans for a statutory partial demerger to spin off its Swedish forest assets into a new publicly listed company by mid-2027, supported by major shareholders Solidium Oy and FAM AB; and introduced a new financial reporting structure effective January 2026 to align with its strategic focus on renewables.