Renewable packaging is one of our growth areas where we prioritise conversions of existing assets and incremental improvements of environmental performance, production efficiency and quality. In line with this, we initiated a feasibility study in our retained paper site in Belgium for conversion into a cost leading, high-volume recycled containerboard line. We also support our customers becoming fully circular and reducing their carbon footprint. At the same site, we partnered in a feasibility study with Tetra Pak, for a recycling facility serving the Benelux market. This builds on the experiences and learnings of a similar joint project in Poland, for enabling recycling in Eastern Europe. We are constantly broadening our partnerships and collaborations in the value chain of wooden-based solutions for efficient and low-carbon construction. The French market is the biggest in growth and opportunities, supported by ambitious governmental policies to promote wooden based construction. Latest examples of our progress are our 35% shareholding in a wood processing company and business partnership with an industrial group, both in France.
Lastly, to make a difference and a positive climate impact, we must constantly innovate and challenge ourselves, pushing the boundaries of «what a tree can do». In Biomaterials Innovations, I am therefore very pleased that we now have our first partnership in place, a joint development agreement with Northvolt, one of Europe’s largest battery makers. We will together create the world’s greenest battery using our anode material Lignode, homegrown in our Nordic forests. We have also teamed up with the Swedish company Modvion to create 100+ meter tall wooden wind turbine towers. The aim is to reduce the carbon footprint of steel-based wind turbine towers by using wood as the material of choice. Imagine: renewable energy production using renewable construction materials, what a win for the climate.
Our decisions are guided by our purpose: to do what is right for people and the planet by replacing fossil-based materials with renewable ones. We will continue our efforts to help our customers become 100% climate positive and circular, creating value for all our stakeholders long-term. We are committed to build the right ecosystem of customers, partners and passionate people that will deliver sustainable and profitable growth.
The renewable future grows in the forest.»
Analysts, investors, and media are invited to participate in the webcast and conference call today at 14:00 EEST (13:00 CEST, 12:00 BST, 7:00 EDT). The results will be presented by President and CEO Annica Bresky and CFO Seppo Parvi and may be accessed at https://edge.media-server.com/mmc/p/fz3qufc7.
All participants can follow the presentation over the webcast. Analysts and investors who wish to ask questions should join the conference call (details below).
Media representatives who wish to ask questions after the Interim Report is published, may contact Carl Norell, press officer at Stora Enso on +46 72 2410349.
The link to the webcast will be also available on Stora Enso’s website: storaenso.com/investors
Dial–in details for the analyst and investor conference call
The conference call replay will be available via the dial-in number until 29 July 2022. The webcast will be archived on storaenso.com/en/investors/reports-and-presentations.
This release is a summary of Stora Enso’s Half-year Report January–June 2022. The complete report is attached to this release as a pdf file. It is also available on the company website at storaenso.com/investors.
For further information, please contact:
Carl Norell
Press officer
Tel. +46 72 241 0349
Investor enquiries:
Anna–Lena Åström
SVP Investor Relations
Tel. +46 70 210 7691
Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials, wooden construction and paper, and one of the largest private forest owners in the world. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has approximately 22,000 employees and our sales in 2021 were EUR 10.2 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com/investors
STORA ENSO OYJ
CONTACT:
For further information, please contact:
Carl Norell
Press officer
tel. +46 72 241 0349
Investor enquiries:
Anna–Lena Åström
SVP Investor Relations
tel. +46 70 210 7691
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/stora-enso-oyj/r/stora-enso-oyj-half-year-report-january-june-2022,c3604292
The following files are available for download: