Stora Enso operates liquid packaging board production facilities in Imatra and Skoghall. Credit: Jeppe Gustafsson via Shutterstock.

Stora Enso has ended its plan to divest the Beihai packaging board production site and forestry operations in China. 

The company announced the sale process of these operations in December 2022 as it aims to focus in the fibre-based packaging market.  

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Stora Enso opted to retain the businesses as it believes that the intrinsic value of retaining and utilising these assets surpasses the potential proceeds from a sale. 

To this end, the Beihai site will undergo development focusing on operational efficiency, cost reduction, and product innovation. 

Plans for the facility include altering its product range to boost the production of liquid packaging boards and other high-value products.  

See Also:

This strategy aims to reinforce Stora Enso’s status as a worldwide supplier without necessitating significant capital investment in the near future. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company operates additional liquid packaging board production facilities in Imatra, Finland, and Skoghall, Sweden.  

These sites, along with Beihai, supply a mix of major international and local customers with premium quality products. 

Stora Enso president and CEO Hans Sohlström said: “Following a thorough review and negotiations with potential buyers, we have decided to terminate the divestment process and focus on the ongoing business.  

“We are confident that Stora Enso is the best positioned to continue operating this site going forward. Given the recent global cost escalation of wood and logistics, the relative cost competitiveness of the Beihai site has improved. Through the Beihai site, we will continue to serve our global and most demanding customers with premium packaging board in the Asia Pacific region.” 

Stora Enso holds an approximately 80% stake in the Beihai production site and forest operations, with the remaining held by local partners and international finance corporations.

In July this year, the company announced a €30m ($32.52m) investment to enhance its Ostrołęka corrugated packaging production in Poland.