Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Stora Enso Oyj    STERV   FI0009005961

STORA ENSO OYJ

(STERV)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Stora Enso Oyj : and Tetra Pak to explore the building of a recycling line for used beverage cartons

11/11/2020 | 09:44am EST

Stora Enso and Tetra Pak are joining forces to explore the possibility of building a new recycling line to significantly increase the recycling of used beverage cartons in Central and Eastern Europe.

The two partners are initiating a feasibility study to assess the viability of building a large-scale recycling line for Used Beverage Cartons (UBC) at Stora Enso's Ostro ka Mill in Poland. In the model Stora Enso would pulp and separate the fibers from used beverage cartons at its Ostro ka Mill and use the recycled fibres as a raw material, while Tetra Pak would secure the recycling and reuse of polymers and aluminium which shall be processed by a dedicated partner. If realised, the annual capacity of the new recycling line would be 50 000 tonnes of UBC. This would be a significant increase in recycling capacity for beverage cartons across Europe, boosting the European beverage carton recycling rate from the current 51%. In the first stage the recycled post-consumer beverage carton material would come from countries in Central and Eastern Europe.

'A new line would be the next step in the circularity of packaging materials, in helping make our customers' brands circular. Beverage cartons are widely recycled in Europe today and we want to use our knowledge of fibers and board to promote and accelerate the recycling and collection of beverage carton materials. Our process at Ostroka Mill already uses recycled (OCC) materials. We are interested in developing the already well functioning recycling system and using high-quality UBC fibers,' says Markku Luoto, VP LPB Aseptic and CUK, Stora Enso.

'Working with partners along the value chain is our number one priority when it comes to driving collection and recycling of used beverage cartons. We are confident that this partnership will allow us to improve Europe's recycling infrastructure and further increase the recycling rate of UBC in the region. It is through synergies like this one that we will be able to lead the sustainability transformation and achieve a low-carbon circular economy,' says Guillaume Latourrette, Managing Director, Tetra Pak East Europe.

The feasibility study is expected to be completed in six months, after which the possible decisions about the project and timeline would be confirmed.

Contact:

Tel: +358 50 5774 040

(C) 2020 Electronic News Publishing, source ENP Newswire

All news about STORA ENSO OYJ
01/18STORA ENSO OYJ : biogas partnership with Gasum turns waste into green energy
AQ
01/15STORA ENSO OYJ : Invitation to Stora Enso's Q4 results webcast on 29 January 202..
PU
01/15STORA ENSO OYJ : Invitation to Stora Enso's Q4 results webcast on 29 January 202..
AQ
01/08STORA ENSO OYJ : pellet packaging wins global Worldstar design award
PU
2020STORA ENSO OYJ : issues a new EUR 500 million green b
PU
2020STORA ENSO OYJ : Proposals of the Shareholders' Nomination Board to Stora Enso O..
PU
2020STORA ENSO OYJ : divests non-core forest holdings in southern Sweden
AQ
2020STORA ENSO OYJ : shares converted
AQ
2020STORA ENSO OYJ : Paper takes flight – English artist Lisa Lloyd transforms..
PU
2020STORA ENSO OYJ : President and CEO Annica Bresky comments on Stora Enso's update..
PU
More news
Financials
Sales 2020 8 574 M 10 420 M 10 420 M
Net income 2020 462 M 561 M 561 M
Net Debt 2020 3 025 M 3 677 M 3 677 M
P/E ratio 2020 25,7x
Yield 2020 2,26%
Capitalization 12 781 M 15 462 M 15 533 M
EV / Sales 2020 1,84x
EV / Sales 2021 1,75x
Nbr of Employees 25 000
Free-Float 74,5%
Chart STORA ENSO OYJ
Duration : Period :
Stora Enso Oyj Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends STORA ENSO OYJ
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 16,18 €
Last Close Price 16,18 €
Spread / Highest target 23,6%
Spread / Average Target 0,01%
Spread / Lowest Target -19,7%
EPS Revisions
Managers and Directors
NameTitle
Annica Bresky President & Chief Executive Officer
Jorma Olavi Eloranta Chairman
Seppo Matti Parvi Chief Financial Officer
Teemu Salmi Chief Information Officer
Hans Torgny Stråberg Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
STORA ENSO OYJ3.42%15 462
UPM-KYMMENE OYJ1.35%19 924
SUZANO S.A.12.57%16 758
SVENSKA CELLULOSA2.58%12 382
HOLMEN AB1.52%7 930
EMPRESAS CMPC S.A.17.65%7 616