Stora Enso plans to consolidate the Finnish spruce (whitewood) production to Varkaus sawmill. The plan includes a permanent closure of Kitee sawmill and production increase to Varkaus. The objective is to improve profitability and competitiveness by creating a fully integrated sawmill for spruce production in Varkaus, optimising the synergies from the existing LVL (Laminated Veneer Lumber), pulp and board mills. The consolidation plan is part of Stora Enso’s profit protection programme of EUR 120 million targeting reductions in variable and fixed costs. The possible consolidation is subject ...
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