Stora Enso has decided to defer its final decision regarding the proposed pulp and paper mill project at Nizhny Novgorod in Russia to a later stage due to the weak global financial situation and near-term outlook for the forest products industry. The project is not cancelled by this decision, and various actions will be taken to facilitate possible implementation of the project in the future.
Stora Enso will hold discussions with the Nizhny Novgorod regional administration in the near future to establish a new timetable for the proposed project.
Previous press releases concerning the project are available http://atwww.storaenso.com/press
23 May 2008: Stora Enso starts feasibility study for a world-class pulp and paper mill in Nizhny Novgorod region
20 December 2007: Stora Enso signs letter of intent concerning possible pulp and paper mill in Russia
17 July 2007: Stora Enso starts pre-feasibility study for a world-class pulp and paper mill in Russia
Stora Enso is a global paper, packaging and forest products company producing newsprint and book paper, magazine paper, fine paper, consumer board, industrial packaging and wood products. The Group has 32 000 employees and 85 production facilities in more than 35 countries worldwide, and is a publicly traded company listed in Helsinki and Stockholm. Our annual production capacity is 12.7 million tonnes of paper and board, 1.5 billion square metres of corrugated packaging and 6.9 million cubic metres of sawn wood products, including 3.2 million cubic metres of value-added products. Our sales in 2008 were EUR 11.0 billion.
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Stora Enso will hold discussions with the Nizhny Novgorod regional administration in the near future to establish a new timetable for the proposed project.
Previous press releases concerning the project are available http://atwww.storaenso.com/press
23 May 2008: Stora Enso starts feasibility study for a world-class pulp and paper mill in Nizhny Novgorod region
20 December 2007: Stora Enso signs letter of intent concerning possible pulp and paper mill in Russia
17 July 2007: Stora Enso starts pre-feasibility study for a world-class pulp and paper mill in Russia
Stora Enso is a global paper, packaging and forest products company producing newsprint and book paper, magazine paper, fine paper, consumer board, industrial packaging and wood products. The Group has 32 000 employees and 85 production facilities in more than 35 countries worldwide, and is a publicly traded company listed in Helsinki and Stockholm. Our annual production capacity is 12.7 million tonnes of paper and board, 1.5 billion square metres of corrugated packaging and 6.9 million cubic metres of sawn wood products, including 3.2 million cubic metres of value-added products. Our sales in 2008 were EUR 11.0 billion.
[Sigma Services]
As a professional online trading service Sigma strives to give an eminent beyond comparison of professional and individualized trading services, Sigma also provides several facilities for all kinds of traders.
Sigma helps private and institutional clients achieve their trading goals by offering an inclusive forex trading package, along with the state-of-art trading platform, real-time news and wireless access. We relegate to meeting and exceeding our customers' expectations with the utmost professionalism and integrity.
Sigma provides appropriate services satisfying the needs of all business partners’ specified requirements. A client's profit is our success and a client's loss is a significant call of action for us, we consider every client as a special case and a partner.
Sigma's Customer Support is our business core, as we provide 24/7 customer support. We keep in touch with all our clients to make sure that we are on the right pass.
Open Live Account
Open Demo Account
