{"id":82233,"date":"2022-04-26T07:50:05","date_gmt":"2022-04-26T07:50:05","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/stora-enso-sells-sawmills-forest-operations-russia\/"},"modified":"2025-09-19T08:57:27","modified_gmt":"2025-09-19T08:57:27","slug":"stora-enso-sells-sawmills-forest-operations-russia","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/stora-enso-sells-sawmills-forest-operations-russia\/","title":{"rendered":"Stora Enso sells its sawmills and forest operations in Russia"},"content":{"rendered":"
\n

Stora Enso has entered into an agreement to divest its two sawmills in Russia. The Company\u2019s Nebolchi and Impilahti sawmills will be divested to local management. In addition, the divestment includes Stora Enso\u2019s Russian forest operation which through its harvesting supplies wood to the sawmills.<\/p>\n

Stora Enso\u2019s assessment is that due to the uncertainties in the Russian market, local ownership and operation can provide a more sustainable long-term solution for these business operations and the employees working there.<\/p>\n

The transaction is, pending necessary approvals, expected to be concluded within Q2 2022 and will have no material impact on Stora Enso\u2019s annual sales and Operational EBIT. Due to decreased business prospects on these businesses, an impairment loss of EUR 70 million has been recorded in the first quarter result. The additional loss on the transaction under IFRS will be approximately EUR 60 million, consisting mainly of currency translation adjustments to be recorded at the closing date. The expenses are\u00a0considered as items affecting comparability.<\/p>\n

The sawmill sites are located in Novgorod and Karelia employing approximately 330 people and have a total annual capacity of 350,000 m3\u00a0of sawn timber, including 55,000 m3\u00a0of processed timber and 65,000 tonnes of pellets. Stora Enso\u2019s Russian forest operations employs approximately 170 people and manages long-term harvesting rights for around 370,000 hectares.<\/p>\n

Stora Enso announced on 2 March 2022 that it would stop all production and sales in Russia until further notice. The Group is in a process to find a sustainable solution for the future of its three packaging plants in Russia.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Stora Enso has entered into an agreement to divest its two sawmills in Russia. The Company\u2019s Nebolchi and Impilahti sawmills will be divested to local management. In addition, the divestment includes Stora Enso\u2019s Russian forest operation which through its harvesting … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":63264,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713,4716],"tags":[3311,3348,3271],"class_list":["post-82233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","category-latest-trends","tag-russia","tag-sawmills","tag-stora-enso","topic-forestry","topic-pulp-paper","topic-sawmilling","area-europe","area-russia"],"acf":[],"yoast_head":"\nStora Enso sells its sawmills and forest operations in Russia - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/stora-enso-sells-sawmills-forest-operations-russia\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stora Enso sells its sawmills and forest operations in Russia - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"Stora Enso has entered into an agreement to divest its two sawmills in Russia. The Company\u2019s Nebolchi and Impilahti sawmills will be divested to local management. 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