07 June 2004 11:13
Stora Enso inaugurates Arzamas Mill in Russia
Stora Enso Oyj Press Release 7 June 2004 at 10:00 GMT
Stora Enso's Russian subsidiary Stora Enso Packaging VR is today formally inaugurating its second Russian
corrugated packaging mill at Arzamas in the Nizhny Novgorod Region, situated some 400 kilometres east from Moscow.
Demand for corrugated packaging products is increasing significantly in Russia and Eastern and Central Europe. This mill
further strengthens Stora Enso's corrugated packaging production. Stora Enso's first industrial investment in
Russia was the Balabanovo packaging mill inaugurated in 1998 at Kaluga, some 100 kilometres southwest of Moscow. That
mill was expanded in 2002. Arzamas Mill, completed at a total cost of EUR 33 million, has about a hundred locally
recruited employees and an annual production capacity of 75 million m2 of corrugated packaging products. Its output will
be sold in the Nizhny Novgorod Region, which has almost 4 million inhabitants. The Finnish Minister for Foreign Trade
and Development, Ms Paula Lehtomaki is participating in the inauguration ceremony. For further information, please
contact: Jorma Turpeinen, Managing Director, OOO Stora Enso Packaging VR, tel. +7 83147 20800 Hannu Alalauri, Managing
Director, Stora Enso Packaging Oy, tel. +358 2046 27403 Kari Vainio, Executive Vice President, Corporate Communications,
tel. +44 7799 348 197 The speeches and presentations given at the inauguration ceremony may be viewed at
www.storaenso.com/investors
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