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May 19, 2022

Stora Enso completes exit from Russia

Finland's Stora Enso has divested the last of its Russian operations, three corrugated packaging plants, to local management, the forestry firm said on Monday.  "We have sold all our operations in Russia," a company spokeswoman said, adding the divestment was pending regulatory approvals by local authorities.  On 2 March, Stora Enso announced it would stop all production and sales in Russia, condemning Russia's invasion of Ukraine.  Prior to what Moscow calls 'a special operation' in Ukraine, Stora Enso employed around 1,100 people in Russia and its Russian sales accounted for approximately ...

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