Finland's Stora eyes billion-euro investment in plastic-free packaging

  • 📰 ReutersScience
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Finland's Stora Enso is considering an investment of up to 1 billion euros ($1.13 billion) to produce more consumer packaging board as customers increasingly seek renewable materials over plastic, the forestry company said on Wednesday.

To meet the growing demand, Stora Enso is exploring the possibility of converting an idle paper machine at its Oulu site in Finland into a line to produce renewable consumer packaging board.The plan would involve an investment worth 900 million to 1 billion euros spanning 2023-2026, it said.

Once a feasibility study is completed, Kasurinen said a final investment decision could be taken in the fourth quarter with start-up in 2025.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 559. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why NBC's nearly $8 billion investment in Olympics may have been a bad betThese Olympics were a disaster for the network: a buzz-free, hermetically-sealed event in an authoritarian country a half-day's time zone away, where the... were the Olympics recently on TV? Hate to see it “May”? Ha
Source: MarketWatch - 🏆 3. / 97 Read more »

Crypto trading firm Amber valued at $3B after big Singaporean investmentThe latest funding round for Hong Kong-based Amber Group has seen its valuation increase to $3 billion following a $200 million investment from a Singaporean state investment giant. Wow, so much usdt is there that's impressive
Source: Cointelegraph - 🏆 562. / 51 Read more »

Barclays Full-Year Net Profit Quadruples as Corporate and Investment Bank BoomsBarclays on Wednesday reported a full-year net profit of £6.38 billion ($8.67 billion) for 2021, ahead of analyst expectations of £5.75 billion.
Source: nbcchicago - 🏆 545. / 51 Read more »