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A combined 3,300 positions eliminated at UPM, Stora Enso

FOLIO has the story on the elimination of a combined 3,300 positions at UPM and Stora Enso. UPM plans to cut 1,600 jobs between 2009 and 2010 as part of a reorganization. Stora Enso announced plans for a reorganization which it said would eliminate 1,700 positions.

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OMX Nordic Exchange Helsinki Oy Announcement from the exchange STORA ENSO OYJ: C

EXCHANGE NOTICE 367/2008, 15 SEPTEMBER 2008 SHARES STORA ENSO OYJ: CONVERSION OF A SHARE INTO R SHARE A total of 2 358 A shares converted into R shares will be Read more

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TestPak Launches Pharma DDS Compliance Package

TestPak has launched its latest child-resistant and senior-friendly compliance packaging system, Stora Enso’s Pharma DDS. Pharma DDS is a flexible and reclosable system with the capacity to contain a 30 count supply of most solid dose products and can be tailored to fit various blister designs. Its opening lock feature is designed to require minimal dexterity and provide ease of use. DDS has been...

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Finnish paper and forestry groups to cut 2,300 jobs

Helsinki - Two Finnish paper and forestry groups announced plans to trim jobs on Wednesday, citing the need to cut costs amid lower worldwide demand for paper products. Stora Enso, one of the world's largest pulp and paper concerns, said it planned t...

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Stora Enso to close assets, cut 1,700 jobs

LONDON (MarketWatch) -- Finnish paper producer Stora Enso said Wednesday that it will permanently close assets with poor profitability. About 1 700 employees in total will be affected by the capacity reduction and restructuring plans, including 600 employees in Germany, 550 in Finland, 400 in Russian Wood Supply and 150 in other countries. At the same time, Stora Enso plans to invest about 135 million...

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Stora Enso Packaging launches fourth plant in Russia

KALUGA, September 1 (RIA Novosti) - Stora Enso Packaging, part of the Swedish-Finnish timber and paper products company Stora Enso, has opened a fourth plant in Russia, the Kaluga Region gubernatorial press service said on Monday. The plant will be the second corrugated board mill in the town of Balabanovo, in the Kaluga Region, about 100 km southwest of Moscow. "Investment in the plant, with an annual...

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Changes in Stora Enso's Group Executive Team

New Senior Management Appointments and Changes in Responsibility to Further Strengthen the Company's Leadership HELSINKI, Finland, September 1 /PRNewswire-FirstCall/ -- "Stora Enso's Group Executive Team (GET), appointed a year ago, has from day one had to manage tremendous challenges. From significant portfolio changes to difficult restructuring measures these people have worked determinedly together....

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Stora Enso Appoints Hannu Kasurinen as New Head of Wood Products and Member of GET

HELSINKI, August 25 -- Stora Enso has appointed Hannu Kasurinen as the new head of Stora Enso's Wood Products Business Area and a member of the Group Executive Team (GET) as of today. He will report directly to CEO Jouko Karvine...

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Stora Enso Appoints Hannu Kasurinen as New Head of Wood Products and Member of GET

Stora Enso OYJ Stock Exchange Release 25 August 2008 at 06.00 GMT HELSINKI, August 25 /PRNewswire-FirstCall/ -- Stora Enso has appointed Hannu Kasurinen as the new head of Stora Enso's Wood Products Business Area and a member of the Group Executive Team (GET) as of today. He will report directly to CEO Jouko Karvinen and be based in Helsinki. Wood Products has, in an exceptionally difficult market...

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Stora Enso Signs Pharma DDS Partnerships

Stora Enso has signed the first Pharma DDS packaging license agreements in the U.S. and in Europe. The company will partner with Sharp Corp. to package pharmaceutical products into Pharma DDS cartons. An agreement has also been reached with Cadmus Whitehall Group and with RLC Packaging Group to produce printed and converted components of the Pharma DDS carton. Pharma DDS is targeted for prescription...

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UPDATE 1-UPM Chairman says no plans for Stora merger-papers

HELSINKI, Aug 14 (Reuters) - There are no plans to merge the world's top paper and board maker Stora Enso and largest magazine paper maker UPM-Kymmene , UPM Chairman Bjorn Wahlroos told Finnish papers.

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Stora Enso Interim Review January-June 2008

HELSINKI, Finland, July 24 -- STORA ENSO OYJ INTERIM REVIEW 24 July 2008 at 06.00 GMT Summary of Second Quarter Results Continuing Operations: Q2/07 Q1/08 Q2/08 Sales EUR2 989.9 2 831.8 2 871.8 million Operating Profit excl. NRIEUR 222.9 140.194.4 and Fair V...

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Stora Q2 operating profit falls more than expected

HELSINKI (Reuters) - Stora Enso , the world's top paper and board maker, reported on Thursday lower-than-expected second-quarter operating profit, hit by rising costs.

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