Stora Enso postpones conversion decision at Langerbrugge site [Yahoo! Finance]
STORA ENSO OYJ ADR R SH (SEOAY)
NASDAQ:AMEX Investor Relations:
storaenso.com/investors
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Source: Yahoo! Finance
The company had been evaluating the potential conversion as part of its strategy to develop the site and leverage its prime location. The decision to delay the conversion follows a recent study, which indicated that the current availability of recycled containerboard in Europe is sufficient to meet market demands. Stora Enso Product and Sales Recycled Containerboard VP Rebekka Thielemann said: "Our study on the opportunity to deliver more recycled packaging to the market proved positive. However, as the availability of recycled containerboard in Europe currently meets market needs, we decided to postpone the conversion decision, which will be taken in due time. "While we remain agile and responsive to market trends, our dedication to our paper customers is unwavering. “We are fully committed to continuing to provide the high-quality products and service excellence that our clients have come to expect from us for the foreseeable future, solidifying Langerbrugge's legacy as a c
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